JPMorgan Job Posts Hint at Bank’s Broader Cryptocurrency Ambitions – CoinDesk – CoinDesk

JPMorgan Job Posts Hint at Bank’s Broader Cryptocurrency Ambitions – CoinDesk – CoinDesk

JPMorgan Chase & Co. is on the hunt for crypto-savvy candidates to fill a growing number of digital asset crossover jobs. 

The planned compliance, regulatory affairs and payments positions appear to stretch beyond JPMorgan’s well-documented (and aggressively hiring) Onyx blockchain project, an effort mostly concerned with wholesale banking. 

Instead, the six positions, which have been hitting JPMorgan’s jobs board since at least April, speak to a financial services giant bolstering its crypto readiness on multiple fronts.

The positions at the 255,000-person company range from New Jersey to Illinois to Hong Kong.

Together, the prospective hires add some weight to JPMorgan’s gradual turnabout on digital assets. After years of CEO Jamie Dimon badmouthing bitcoin, the bank, which has never explicitly confirmed previous CoinDesk reporting that it was launching a private fund, has begun laying a broader foundation for the crypto space. 

Representatives of JPMorgan declined to comment for this article.

Crypto’s most tantalizing JPM flirtation could be its status in consumer payments. Merchant Services, the firm’s $1 trillion+ annual transactions payment processing operation, is assembling a “New Payment Methods” team that will look into crypto tie-ins.

The team’s vice president would “[c]reate, 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
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