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Walmart seeks crypto product lead to drive digital currency strategy

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Walmart – America’s most established retailer – is looking for a leader in cryptocurrency products. The Walmart website says the retailer is looking for a senior director at the company’s headquarters in Bentonville, Arkansas. The job posted on LinkedIn on August 15th.

The announcement said the company is “looking for a visionary leader” to take the lead in products in the so-called digital currency and cryptocurrency space. This person would develop a digital currency strategy for a large store.

A new Walmart employee will focus on digital asset product development and roadmap. In addition, the vacancy says that the specialist will have to deal with partnerships related to cryptocurrencies.

Additionally, the specialist engaged in tracking trends in the digital asset market.

Requirements for a new employee

The specialist must have:

– Bachelor degree;

– More than ten years of experience in product and program management;

– Experience with the cryptoindustry and related technologies.

In addition to specialized knowledge and work in the cryptocurrency industry; a specialist is required to have experience in the areas of M&A, investment banking and project management.

The salary of the future specialist is not given.

It is not clear from the ads what products this person will launch. Walmart likely intends to start accepting cryptocurrencies as a means of payment, but no precise information has been provided on this matter.

Walmart’s announcement comes on the heels of rival Amazon posting its own job ad for a leader in cryptocurrency and blockchain

The vacancy announcement came a few weeks after rumors spread that Walmart rival Amazon was gearing up to make a big entry into the cryptocurrency market.

In mid-July, Walmart’s competitor, e-retailer Amazon, posted a vacancy for the head of cryptocurrency and blockchain. After that, rumors appeared on the network that the company was preparing to accept Bitcoin for payment, but this information was officially denied.

While it is only a matter of time before the world’s retail giants will open the gateways by allowing cryptocurrency payments; the rest will follow pretty quickly when it does.

Anyway, Bitcoin resumed its rally on Sunday evening and this early morning again approached the $ 48,000 level. Against the backdrop of Amazon’s alleged plans, the first cryptocurrency was also growing.

We note that Walmart also applied for a patent for a cryptocurrency similar to Facebook’s nascent project (Libra) two years ago, but no further action followed. It should be noted, however, that an increasing number of companies are researching and issuing cryptocurrencies. Walmart has also experimented with distributed ledger technology for non-financial purposes, including tracking drugs and food in the supply chain.

This year the company opened a new fintech division called Hazel. In the early 2000s, she unsuccessfully tried to obtain a banking license in the United States, but, like many other large firms, recently has again shown interest in creating her own financial products.

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