32 mins ago · 2 min read
US bank JPMorgan is looking for Bitcoin, Ethereum, and Proof-of-Stake pros
Listings at JPM’s job board hint about where part of the company’s expansion is heading.
In the months following the launch of their commercialized blockchain service, JPMorgan Chase & Co. (JPM) are hiring crypto talent—and its looking for Proof of Stake, Ethereum (ETH), and Bitcoin (BTC) knowledge.
JPM is a US investment bank and financial services holding company that had a sudden change of heart on crypto last year. Their latest listings on the job board raise suspicion the company is developing a “digital assets platform’ (a term now removed on its job board).
A ‘digital assets’ platform?
In their latest hiring spree, JPM is also looking to fill a “Senior Blockchain Engineer – Executive Director” role, aimed at candidates who possess “understanding and knowledge of Open source blockchain platform, Proof of Stake, etc.” and have “experience with Ethereum, Bitcoin.”
Meanwhile, Merchant Services, a global payment processing business for JPMorgan, is putting together a “New Payment Methods” team. Merchant Services provide payment, fraud, and data security for companies while authorizing transactions in more than 130 currencies.
The team’s future vice president is supposed to “create, gain early senior leader support and execute strategy for prioritizing, approaching, and signing highest impact third-party relationships to enable product strategy surrounding new payment methods (e.g. Buy Now, Pay Later, Pay w/ Points, cryptocurrencies, etc.) and build a strong pipeline of potential third-party opportunities to support firm’s ‘any payment type, any channel, anywhere, anytime’ mindset.”
JPM’s blockchain story
In October 2020 JPM launched their very own stablecoin, pegged 1:1 to the US dollar. The JPM coin had its first commercial client as the company launched its blockchain service, dubbed Onyx.
Meanwhile, their “Interbank Information Network”, a peer-to-peer blockchain-based network that interacts on the Onyx was renamed “Liink.”
According to JPM’s global head of Wholesale Payments, Takis Georgakopoulos, the company’s five years in the making blockchain unit Onyx, reflects their “commitment to blockchain and other groundbreaking technologies to strengthen and expand J.P. Morgan’s Wholesale Payments platform.”
Ever since March this year, the company is actively hiring talent across the globe for their blockchain projects unit, with 34 openings on the job board. Among others, “Cryptocurrency Risk Managers” are in demand.