JPMorgan Chase is looking for talent in Bitcoin, Ethereum and proof of stake

Months after launching its commercial blockchain services, JPMorgan Chase & Co. is hiring in the cryptocurrency space and seeking candidates with experience in proof-of-stake, Ethereum (ETH) and Bitcoin (BTC).

JPMorgan Chase, an American investment bank and financial services holding company, suddenly changed its mind about cryptocurrencies last year. Their latest posting on a job board raised suspicions that the company was developing a “digital asset platform” (a term that has now been removed from the job board).

A “digital asset” platform?

In its most recent hiring spree, JPMorgan is also seeking the position of “Senior Blockchain Engineer – Executive Director,” targeting candidates who “understand and know open source blockchain platforms, proof of stake, etc.” and have “experience with Ethereum, Bitcoin.”

Meanwhile, JPMorgan’s global payments processing business, Merchant Services, which provides payments, fraud and data security to businesses while authorizing transactions in more than 130 currencies, is forming a “new payments methods” team.

The future VP of this team should “create, gain early senior leadership support, and execute a strategy to prioritize, close, and sign the highest-impact third-party relationships around new payment methods (e.g., buy now, pay later, point-of-use payments, cryptocurrencies, etc.) and build a robust pipeline of potential third-party opportunities to support the company’s ‘any payment type, any channel, anywhere, any time’ philosophy.”

JPMorgan’s blockchain story

In October 2020, JPMorgan Chase launched its own stablecoin, pegged 1:1 to the U.S. dollar. The stablecoin welcomed its first commercial customer after JPMorgan Chase launched a blockchain service called Onyx.

Meanwhile, their “Interbank Information Network,” a peer-to-peer blockchain-based network that interacts on Onyx has been renamed “Liink.”

Takis Georgakopoulos, global head of wholesale payments at JPMorgan, said the company’s five-year production time on its blockchain unit, Onyx, reflects their “commitment to blockchain and other breakthrough technologies to strengthen and expand JPMorgan’s large payments platform.”

Since March this year, the company has been actively recruiting talents for blockchain project departments around the world, with 34 job vacancies on the recruitment platform. Among them, "Cryptocurrency Risk Managers" is the most popular.

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