Zenith

  • Latest News

    Wednesday, September 14, 2022

    Web3 Boom: JPMorgan Seeking to Hire Crypto, Metaverse Specialist


    Wall Street bank JP Morgan seems to be looking to dig deeper into the Web3. According to a latest job offer posted by the lending company on LinkedIn, they are looking for a ‘Vice President of Payments Business Development’ to lead their technology team.

    The focus area for the appointee to this role will be heavily involved in the exploration of cryptocurrency, the metaverse, and Web3. Technical knowledge of blockchain networks is a skill that JP Morgan noted for this recruitment.

    On a broader scale, the bank, with more than 135,000 customers in more than 180 countries, is looking to expand its financial services. Electronic money and virtual digital assets have, in recent times, emerged as decentralized assets of considerable value with the sector’s market capitalization hitting $3 trillion last year.

    “Identify and capture new payment opportunities in Web3cryptocurrency, fintech, and sub-market industry, on treasury services, merchant services, merchant and merchant cards, especially with customers we do not have or low wallet rates ,” wrote JP Morgan in LinkedIn Postsoutline the key responsibilities for anyone taking on this role.

    Additionally, this person will also be tasked with gathering an overall understanding of the business opportunities that the bank can match with Web3 players, crypto, fintech and diverse industries.

    “Understand industry trends to better define their requirements and identify potential new business opportunities for JP Morgan Payments through the appropriate solution(s); traditional, commercial, international, liquidity and card cash management,” the post noted.

    The financial giants do not compromise expertise for suitors for this opportunity. Only those with more than five years of experience are eligible to apply for this position.

    Back in February 2022, JP Morgan became the first major global bank to mark its entry Decentral and metaverse.

    In one report released earlier this year, JP Morgan predicts that the economics of the metaverse – or metanomics – will soon grow to $1 trillion in annual revenue.

    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Web3 Boom: JPMorgan Seeking to Hire Crypto, Metaverse Specialist Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top