Walmart (WMT) is looking to hire a cryptocurrency expert to grow and lead a digital currency strategy. This news comes only days after Amazon (AMZN) posted an opening for a similar position. Both online shopping giants are now positioning themselves to enter the digital currency cryptoverse in a major way.
Walmart’s interest in crypto payment options notwithstanding, it is easy to see why a global retail giant would be interested in blockchain technologies.
Help Wanted: Walmart Seeks Digital Currency Lead
According to the posting, the person who fills the role of Walmart’s “Digital Currency and Cryptocurrency Product Lead” will be in charge of developing a digital asset strategy and roadmap.
The executive will be based in the company’s home office in Bentonville, Arkansas, and will be in charge of identifying crypto-related investment and partnerships, as well as serving as a subject matter expert both internally and externally.
According to the Walmart posting, the ideal candidate would have over ten years of experience in product management, as well as knowledge of the cryptocurrency ecosystem and blockchain technologies in general.
“As one of the largest retailers and e-commerce companies, Walmart offers a diverse range of payment options to its customers,” stated a company spokesman.
While the language of the job posting suggested that Walmart was considering cryptocurrency as a payment option, no further information was provided.
Several Fortune 500 companies are actively expanding into the cryptocurrency world. Just a few months ago, Apple posted a job to hire a “Crypto Expert”.
Unless, both Amazon and Walmart plan on developing their own cryptocurrency tokens in the coming months it’s hard to see why they wouldn’t accept Bitcoin as payment. One could speculate both retail behemoths hold Bitcoin on their balance sheets already.
“The speculation that has ensued around our specific plans for cryptocurrencies (Bitcoin) is false,” an Amazon spokesperson said. Walmart echoed similar language when queried about specific cryptocurrency payment options.
At the time of this article, Bitcoin was trading at $45,757, down 1.24 percent in the previous 24 hours, while Walmart stock was trading at $150, up 0.83 percent.
I write about blockchain, crypto, NFTs and other disruptive technologies and innovations.