JPMorgan Hires a Crypto, Metaverse Specialist to Increase Industry Presence

The American banking large – JPMorgan Chase – is in search of a Vice President (VP), Funds Enterprise Growth Supervisor, to affix its Expertise, Media, and Telecom West Coast Funds Crew to be a part of the Net 3, Crypto, Fintech, & Metaverse division.

JPMorgan’s newest push towards the digital asset business could possibly be thought-about a shock since its CEO – Jamie Dimon – is a fierce critic of bitcoin.

Hiring a Crypto Man

Based on a LinkedIn job offering, JPMorgan needs to nominate a “curious and dynamic” chief who might information the corporate’s operations in “this sea of technological change.” The banking large outlined that the person ought to have the required technical data and be able to collaborate with monetary regulators and rising entities within the area of interest.

“Particularly, this particular person will lead proactive prospect and shopper engagement, collaborate with a number of inner companions, and develop options to satisfy strategic and complicated wants of our company shoppers,” the providing reads.

Different essential duties will likely be to “establish and win new funds alternatives within the Net 3, Crypto, Fintech, & Metaverse business subvertical.” They will even have to investigate shoppers’ operational construction and perceive the purchasers’ cryptocurrency targets.

Being obtainable for customers on a regular basis, explaining all regulatory necessities to them, and staying on high of the competitors will likely be key duties, too.

Subsequently, JPMorgan defined that solely people with a minimum of five-year expertise in a monetary providers gross sales position might match for the position. Those that have beforehand labored within the banking business will likely be “strongly most popular.”

Whereas the corporate’s stance towards cryptocurrencies is predominantly destructive, this isn’t the case when talking concerning the Metaverse. In February this 12 months, the Wall Avenue behemoth launched a report the place it predicted that the built-in community of 3D digital worlds might turn out to be a trillion-dollar market within the subsequent few years.

Dimon’s Conflict With Bitcoin

It’s a uncommon occasion, although, that the banking large (particularly CEO Jamie Dimon) says one thing optimistic about bitcoin. Over time, he has labeled the coin nugatory and warned traders to avoid it.

In October 2021, he reiterated his place arguing that BTC serves because the “idiot’s gold of the long run” and has no “intrinsic worth.” As such, he expects monetary watchdogs to use strict rules on it.

Final month, JPMorgan’s Chief International Strategist – David Kelly – suggested traders to promote their bitcoin holdings, citing the market’s enhanced volatility and the chance of recession.

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