Friday, July 30, 2021

American banking giant JPMorgan posts new blockchain-related job applications.

The Takeaway:

Major US investment bank JPMorgan is upping its blockchain hiring spree by posting a series of new blockchain-related job applications.

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U.S. banking giant JPMorgan has opened multiple positions to pursue its global blockchain development efforts, including job postings targeting blockchain-focused software developers, engineers, marketers, and auditors. According to the company’s job posting on LinkedIn, many of these blockchain-related positions were posted in the last few days. The new job postings seek blockchain experts across several of JPMorgan’s branches worldwide, including the United States, Singapore, India, Hong Kong, the United Kingdom, and other countries. 


JPMorgan posted more than 30 such openings over the past seven days in the U.S. alone.

The banking giant posted more than 30 such openings over the past seven days in the U.S. alone. A number of applications specifically target talent for JPMorgan’s digital currency-focused Onyx division and Liink, the company’s proprietary blockchain-based interbank data network. Launched last year in October, Onyx is focused on JPMorgan Chase’s in-house stablecoin known as JPM Coin. One of the newly opened positions, a blockchain platform software engineer in Jersey City, New Jersey, seeks experts specializing in blockchain security technologies, proof-of-stake algorithms, as well as experience with major cryptocurrencies like Bitcoin and Ethereum.


JPMorgan believes El Salvador’s bitcoin adoption could pose a challenge for the country.

Earlier, JPMorgan expressed concern with El Salvador’s decision to authorize (Bitcoin (BTC) as an optional legal tender in the country. The banking firm noted that passing the Bitcoin law could pose a challenge for Bitcoin as well as the Central American country itself. Analysts of JPMorgan noted that Bitcoin’s daily trading volume hits anywhere between $40 to $50 billion. Analysts further added that a large port of BTC remains illiquid, with over 90% not changing hands in a year. The banking giant said this illiquidity and the volume is “potentially a significant limitation on its potential as a medium of exchange.” 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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