The main responsibility of JPMorgan’s new employees will be to concentrate on rising tech such as the Metaverse.
The American banking giant – JPMorgan Chase – is in search of a Vice President (VP), Funds Enterprise Development Supervisor, to join its Technology, Media, and Telecom West Coast Payments Team to be a part of the Web 3, Crypto, Fintech, & Metaverse division.
JPMorgan’s latest push toward the digital asset trade could be considered a surprise since its CEO – Jamie Dimon – is a fierce critic of bitcoin.
Hiring a Crypto Person
Based on a LinkedIn job offering, JPMorgan needs to appoint a “curious and dynamic” chief who may guide the corporate’s operations in “this sea of technological change.” The banking giant outlined that the person ought to have the necessary technical data and be able to collaborate with financial regulators and emerging entities in the area of interest.
“Particularly, this particular person will lead proactive prospect and client engagement, collaborate with a number of internal companions, and develop options to satisfy strategic and complex needs of our company clients,” the offering reads.
Different fundamental tasks will be to “identify and win new payment opportunities in the Web 3, Crypto, Fintech, & Metaverse industry subvertical.” They may also have to research shoppers’ operational construction and understand the customers’ cryptocurrency targets.
Being out there for customers all the time, explaining all regulatory necessities to them, and staying on high of the competition will be key duties, too.
Subsequently, JPMorgan defined that only individuals with at least five-year experience in a financial services sales role may match for the role. Those who have beforehand worked in the banking trade will be “strongly preferred.”
Whereas the corporate’s stance towards cryptocurrencies is predominantly negative, this isn’t the case when talking about the Metaverse. In February this year, the Wall Street behemoth launched a report where it predicted that the built-in community of 3D virtual worlds may grow to be a trillion-dollar market in the next few years.
Dimon’s Struggle With Bitcoin
It’s an uncommon occasion, although, that the banking giant (specifically CEO Jamie Dimon) says one thing optimistic about bitcoin. Over time, he has labeled the coin worthless and warned traders to keep away from it.
In October 2021, he reiterated his position arguing that BTC serves because the “fool’s gold of the future” and has no “intrinsic value.” As such, he expects financial watchdogs to use strict laws on it.
Last month, JPMorgan’s Chief Global Strategist – David Kelly – suggested traders to promote their bitcoin holdings, citing the market’s enhanced volatility and the risk of recession.
