Walmart, the American’s most common retailer is seeking a cryptocurrency product leader position.
According to a job ad, the company is on the hunt for a person for the digital currency and cryptocurrency product leadership position, who would be expertise in Blockchain and create a digital currency strategy for the largest U.S. retailer.
“You will be responsible for developing the Digital Currency strategy and product roadmap. As an expert in Digital Currencies/ Cryptocurrency and Blockchain related technologies, you will drive the vision for the product and capabilities roadmap,” the ad said.
In addition, the selected person would also identify and look for investments and partnerships relating to crypto.
Investments needed to build on the company’s existing trends will also be advised by the Bentonville, Ark.-based crypto product lead.
Investments in Crypto are Coming
Started from a single discount store with the idea of selling more for less, Walmart has grown as the biggest retailer in the U.S as well as in the world.
It appeals to 220 million visitors on 10,500 stores and clubs under 48 banners across 24 countries and eCommerce websites per week. The giant retailer has more than 2.3 million employees across the world.
Company Tokens May be Next
Two years ago, Walmart applied for a patent on a price-stable crypto similar to the Libra project of Facebook.
The company also tested a distributed ledger technology for nonfinancial uses such as tracking drugs and food along the supply chain. Earlier this year, Walmart developed a fintech unit called Hazel.
Retailers Are Racing to Enter into Crypto Industry
As some rumors say, Walmart’s rival, Amazon has announced its own job advert looking to hiring a digital currency and blockchain product lead as it progresses with plans to bring its payments systems into the crypto age.
The person will work in Amazon’s payments acceptance and experience group.
Recently, JPMorgan has become the first large US bank to allow its advisers to buy and sell five crypto funds on behalf of a client.