Walmart, the world’s largest retailer, has advertised a job for a cryptocurrency product lead on its website and employment network LinkedIn.
The biggest retailer in North America in terms of overall sales is seeking to recruit a cryptocurrency and digital payment specialist. The newly created position of “Digital Currency and Cryptocurrency Product Lead” will be responsible for creating a digital currency strategy and plan. Walmart is apparently considering accepting cryptocurrency as payment, but no specifics were given.
“As one of the largest retailers and e-commerce companies, Walmart enables broad set of payment options for its customers.”
Creating a Roadmap for Cryptocurrencies
The job requires a “specialist in Digital Currencies/Cryptocurrencies and Blockchain-related technologies” to “lead the vision for the product and capability roadmap.” Additionally, the post said that the chosen candidate will “find crypto-related investments and collaborations.”
A Bachelor’s Degree is required for this job (but an MBA is preferable), as is more than ten years of expertise in the product or program management, technology commercialization, and knowledge of the crypto ecosystem and associated technologies. Salary information was not provided.
The job posting comes less than a month after Amazon, the world’s largest retailer, released its own search for a crypto and blockchain product lead. Amazon’s Payments Acceptance and Experience team advertised for an “experienced product leader to build Amazon’s Digital Currency and Blockchain strategy and product roadmap” in late July. The action prompted widespread speculation that Amazon will begin taking cryptocurrency payments, but Amazon has refuted any such claims.
The Battle for Digital Payments
Walmart filed for a patent two years ago for a stable cryptocurrency that was comparable to Facebook’s Libra initiative at the time, but no more information has surfaced. Walmart will join StormX, a blockchain-based rewards network, in December 2020. As CryptoPotato previously noted, StormX provided a 4% ‘cryptoback’ incentive on all Walmart transactions at the time.
Walmart has also explored non-financial applications of blockchain technology, such as monitoring medicines and food along the supply chain. It is just a matter of time until one of the world’s largest retailers opens the floodgates by allowing crypto payments; the others will soon follow.
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