Key Takeaways
- Financial giant Lloyd lists job placement for crypto expert
- This development represents a major change for the financial company
- More institutions increasingly adopting cryptocurrencies
The financial services firm placed a job advertisement for a digital currency expert.
According to the job description, the successful applicant will work with its mobile banking platform with more than 15 million customers.
Applicants must also have extensive experience with crypto and digital currency technologies.
The candidate is also required to have an extensive business management strategy and understand how the current financial market works.
The financial giant also revealed that the salary for the position is around $120,000 yearly with other performance and health-related benefits.
This development corresponds to the growing trend in the financial sector. More top financial companies are turning to crypto operations in recent months.
There is also a school of thought that believes that the last extensive bullish run resulted from institutional adoption in the blockchain space.
Towards the end of 2020, several financial firms, including PayPal, Visa and Mastercard, indicated their interests in crypto payments.
This buoyed the market as more institutions, and high net-worth clients started purchasing cryptocurrencies.
Since then, other Fortune 500 companies have joined the train with car manufacturer Tesla purchasing $1.5 billion worth of bitcoins in April.
US largest bank JPMorgan also recently revealed that it would be allowing financial managers to buy cryptocurrencies for high net-worth clients.
Lloyd appears to be looking to jump on the trend to avoid missing out.
The crypto job is likely to pave the way for a future department geared towards launching crypto services.
The financial giant currently manages over $400 billion worth of assets globally.
What are your thoughts on Lloyds placing an ad role for a crypto expert?
