JP Morgan, a Wall Street company, is apparently looking to expand into the Web3 sector as per a recent job offer posted on LinkedIn. The lender is looking for a Vice President for Payments Business Development to lead its technology team. This role will have a lot to do with exploring crypto, metaverse, and Web3. JP Morgan''s technical knowledge is a skill that is admitted to this position.
The bank, which has over 135,000 clients in over 180 countries, is aiming at expanding its financial services. Cryptocurrencies and virtual digital assets have emerged as significant decentralised possessions of significant values in recent times, with the sector''s market cap having reached $3 trillion last year.
In a LinkedIn post, JP Morgan revealed key roles for anyone who gets the job, identify and gain new payment opportunities.
A person will be tasked with obtaining an overall understanding of the business opportunities that the bank might engage with with the Web3, crypto, fintech, and metaverse industries.
The article outlines how to identify industry trends to better understand their requirements and identify potential new business opportunities for JP Morgan Payments through appropriate solutions; traditional cash management, trade, International, liquidity, and commercial card.
The financial mammoth is not compromising on expertise for the suitor for this opportunity. Only persons with over five years of experience may qualify for this position.
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JP Morgan became the first major global bank to enter the Decentraland metaverse in February 2022.
JP Morgan predicted that the metaverse or metanomics'' economics would soon grow to $1 trillion (roughly Rs. 79,55,450 crore) in annual income.