JP Morgan seeks to strengthen Web3 by posting a job offering for a metaverse specialist

Months after opening a virtual lounge at Decentraland, JP Morgan, the largest US bank, plans to expand Web3's range of financial services. A job offering posted on LinkedIn claims a Wall Street bank to seek cryptographers to expand its digital footprint.

The announcement states the following requirements for candidates: a technical understanding of the blockchain network, as well as an individual's dynamism and curiosity to effectively implement the company's changes.

Among the main responsibilities, JP Morgan notes: “Searching for new payment opportunities of Web3, along with privacy practices, innovative technologies expertise and other metaverse industries, including treasury and merchant services, commercial cards, particularly in the case of clients having little wallet share."

The duties also include seeking for new business opportunities that allow the bank to cooperate with other Web3 and FinTech actors. “Understanding industry trends is essential in order to subsequently find appropriate solutions for the digital sector and JP Morgan Payments, in particular. These solutions incorporate cash management, international trade control, and market liquidity assessment,” the vacancy says.

JP Morgan's entry into the digital industry did not come as a surprise. The largest US bank has already forecasted the growth of the metaverse economy to $1 trillion in annual earnings.