JPMorgan hires to promote banking products on metaverse, crypto firms
JPMorgan seeks a business development professional on the west coast to promote institutional payments solutions to new crypto, web3, and metaverse customers.
JPMorgan seeks a new business development expert in its payments division to pursue new customers across Web3, the metaverse, and cryptocurrencies. The new worker would join the bank’s West Coast technology, media, and telecom payments unit.
As reported in 2020, JPMorgan’s initial cryptocurrency exchange customers were Coinbase and Gemini. In February 2022, the company stated that it has established a branch in the DCG-backed metaverse Decentraland.
According to the job description, the new recruit would be responsible for acquiring new corporate customers for a variety of payment products, including transactional foreign exchange, liquidity and treasury services, and escrow.
The Block revealed in January that Wall Street titan Citigroup was trying to appoint a worldwide head of digital asset risk management, signalling its own strategic drive into crypto services. Morgan Stanley Wealth Management was seeking a product development manager in August for its Investment Solutions Product Development team, which supports more than $900 billion in managed assets.
Certainly, such job postings do not necessarily indicate that banks are pursuing new crypto prospects at a rapid pace, as Bitwise CEO Hunter Horsley recently remarked.