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‘WGMI’: JPMorgan’s Blockchain Chief Leaves for Unspecified New Opportunity

Christine Moy’s post was short on details but a “we’re gonna make it” sign-off hinted at future crypto plans.

Updated May 11, 2023, 5:57 p.m. Published Feb 22, 2022, 10:41 p.m.
Left to right: JPMorgan's Christine Moy, Avalanche's Emin Gün Sirer, Messari's Ryan Watkins and Compound's Robert Leshner speak at JPM's crypto event on Nov. 30, 2021. (JPMorgan)
Left to right: JPMorgan's Christine Moy, Avalanche's Emin Gün Sirer, Messari's Ryan Watkins and Compound's Robert Leshner speak at JPM's crypto event on Nov. 30, 2021. (JPMorgan)

Christine Moy, one of JPMorgan's most crypto-forward execs, is leaving the bank.

In a post on LinkedIn on Tuesday, Moy listed her accomplishments at the Wall Street megabank. She wouldn't say what she was doing next but signed off with "#wgmi" – crypto shorthand for the "we're gonna make it" meme.

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"As for my next world building adventure, please stay tuned," she wrote. "I am super excited to share with you what is next!"

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Moy, a managing director at JPMorgan and global head of the Liink payment platform, has been with the bank for almost two decades. Most recently, she was also made head of crypto and metaverse at JPMorgan, and was behind the bank’s audacious arrival in Ethereum-based Decentraland.

Read more: JPMorgan Is the First Bank Into the Metaverse, Looks at Business Opportunities

A pioneering female in the male-dominated realm of crypto, Moy co-founded Onyx by JPMorgan, a business unit focused on digital assets and blockchain built using a permissioned version of Ethereum. She was also an early advocate for JPMorgan to bank crypto companies including Coinbase and Gemini.

Other highlights amid a long list of achievements for Moy was organizing JPMorgan’s first Crypto Economy Forum and issuing the bank’s first non-fungible tokens (NFTs).

Sources say Moy has been offered top jobs at both crypto-native firms and institutional players.

UPDATE (Feb. 22, 22:55 UTC): Adds context throughout.

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The bank of the future: 77% of stablecoin users say they’d open a wallet with their bank today

Wallet with bank cards (Steve Buissinne/Pixabay, modified by CoinDesk)

YouGov survey published by Coinbase and BVNK also found that 71% of users would use a stablecoin-linked debit card as a means of spending them.

What to know:

  • Some 77% of the survey's 4,658 respondents said they would open a cryptocurrency or stablecoin wallet within their banking or fintech app if one were available.
  • A survey commissioned by crypto exchange Coinbase and stablecoin infrastructure provider BVNK also found that 71% of users would use a stablecoin-linked debit card to spend the fiat-linked tokens.
  • Stablecoin users on average hold 35% of their annual earnings in such tokens, and 73% of freelancers and contractors reported an improvement in their ability to work with international clients thanks to stablecoins.