Largest U.S. bank seeks specialists to work with Ethereum

Largest U.S. bank JP Morgan has published landmark vacancies.

The largest bank in the U.S. is actively working on its entry into the blockchain and cryptocurrency sphere. This is indicated by the organization’s job openings. JP Morgan is looking for a total of 64 specialists who will deal with innovation in one way or another. Among the workers the bank needs, who may be located in different locations around the world, are Ethereum blockchain developers.

Ethereum is not only known as the largest digital asset in the world after bitcoin, but also as the distributed ledger on which various decentralized finance (DeFi) projects are built and developed. The DeFi ecosystem itself is focused on creating alternatives for the provision of financial services, for which smart contracts are used, as well as various innovations, such as staking, pharming, and others.

There are discussions among experts as to what the symbiosis, or at least the interaction between the world of classical financial services and DeFi could be. Obviously, JP Morgan has decided not just to take a closer look at DeFi, but also to implement its ideas to work with the Ethereum blockchain. This is all the more remarkable because Jamie Dimon, head of JP Morgan, has been a critic of the cryptocurrency phenomenon and bitcoin in particular for years. However, in January, the organization published a study on bitcoin, which voiced the conditions under which the cryptocurrency number one could reach a price of $146,000.

JP Morgan’s interest now clearly extends beyond the bitcoin ecosystem. Curiously, before the new openings, it was revealed on April 13 that JP Morgan had participated in an investment round by ConsenSys. New York-based ConsenSys is the world’s largest developer hub for Ethereum and this time has raised $65 million in investor funds to “accelerate the interoperability of DeFi projects and Ethereum-based Web 3.0 applications through leveraging the blockchain infrastructure built for the needs of companies.”