April 18, 2024

JPMorgan, a famous bank on Wall Street, is pursuing to spread its span within the market of cryptocurrency. The platform is moving toward appointing a unique specialist for business development in the payments group of the company. The person to be hired will aim at the latest consumers throughout the crypto, Metaverse, and Web3 sectors.

JPMorgan Advertises to Hire a Professional to Manage Banking Products on Crypto Firms and Metaverse

The banking giant, which has offered banking facilities to Coinbase (a well-known crypto exchange), published a job advertisement on LinkedIn. The respective notice focused on appointing a manager for the development of payments business to be a part of the company to enthusiastically advance the business strategy of the firm as well as the treasury and merchant banking-related facilities of the firm in the fields of Metaverse, fintech, crypto, etc.

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The newly appointed person would occupy a seat within the bank’s team dealing with media, technology, as well as telecom payments within the jurisdiction of the West Coast. In 2020, it was reported that JPMorgan embraced Gemini and Coinbase as the initial crypto exchange customers. More freshly, the venue declared in February this year to have initiated a subsidiary in Decentraland (a Metaverse backed by DCG).

According to the description of the job in the posting, the person to be appointed would focus the attention on lining up unique corporate users to avail a vast array of payment goods, taking into account transactional FX, treasury, and liquidity services. The platform asserted that none of the industry playbooks is specified for the respective segments.

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As per it, the people require being comfortable paving the way, generating agendas, as well as operating with very rapidly moving firms. It added that the respective departments need enhanced technical knowledge regarding the software due to not having compatibility with the conventional training of the financial professionals.

Major Companies Pursue Hiring Skilled People to Enter Crypto Sector

Citigroup, the giant from Wall Street, was additionally pursuing to appoint a worldwide head for the risk management of the digital assets, indicating its systematic move toward crypto-related services, according to the reports surfaced in January this year.

In August 2022, Morgan Stanley Wealth Management was endeavoring to appoint a manager for product development for the Investment Solutions Product Development group of the company. This team is responsible for backing up to $900B worth of assets under management (AUM).

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