JPMorgan shows its blockchain ambitions on payments

The bank JP Morgan recruited a former boss from Microsoft for its division payments. He is also looking for a Vice President Web3, Crypto, Fintech and Metaverse for JPM Payments.

The CEO of JP Morgan he is far from a Bitcoin supporter, which he deems useless, even though some of his customers express a dissenting opinion. For Jamie Dimonit’s here blockchain which is the real innovation.

The bank therefore invests in this sector through its specialized subsidiary Onyxor by taking a stake in a blockchain infrastructure specialist such as Blockdaemon unicorn.

A pilot of blockchain and payments co-innovation

The payments represent a strategic axis for JPMorgan. It is in this context that the bank has just announced the hiring of a senior executive: Tahreem Kampton.

Until 2021, Tahreem Kampton held in particular the functions of investment manager at a global tech giant, namely Microsoft.

His function as a senior executive within Payments JP Morgan : developing the payments business. Above all, “it will lead co-innovation with key partners in payments, blockchain and the digital ecosystem where JPMorgan has already built solid foundations,” the company specifies.

JPMorgan has been particularly active in the past two years in the payments segment. In 2021, the German industrialist Siemens adopted its blockchain solution for managing its internal payments.

Important contracts signed for Onyx

This year, the central bank of Bahrain announced it was completing a trial on settlement technology. JPM coin system.

Also in 2022, Bnp Paribas is expected to leverage the Onyx Digital Assets tokenization product to conduct short-term transactions in fixed income markets.

Blockchain, public or private, but also Web3 technologies, could offer other opportunities for JPMorgan in terms of payments.

Which ones? It will probably be one of his missions future vice president “Business Development Manager Web3, Crypto, Fintech & Metaverse”. The position is to be filled.

A Web3 and cryptographic roadmap to imagine and implement

JPM Payments job posting is posted on LinkedIn. The future vice president of the bank’s west coast payments team will have a lot of forward-looking and strategic work to do.

The industry is starting from scratch in this sector, says the job offer. Then charge the next JPM employee identify “new payment opportunities in the subsector Web3, Crypto, fintech& Metaverse “.

Cashier services or services for merchants, business cards, trading … the options are many. Moreover, these assets now represent a “little or no” figure in the portfolio of the American banking giant.

To follow Corners.and go TwitterLinkedin, Facebook Where is it Telegram not to lose anything

Leave a Comment