American retail giant Walmart seems to be diving into cryptocurrency if its latest job ad is anything to go by.
A few hours ago, Walmart posted on LinkedIn that it was looking for a product lead for its digital currency and cryptocurrency division. The digital currency and crypto lead will be responsible for providing leadership with methods of identifying technology and customer trends.
Candidate Will Identify Opportunities for Integration with Crypto Company
Walmart will rely on the crypto product lead to advise on the building on the existing trends in the digital currency scene. He or she would also identify crypto-related investments and partnerships. The specification is especially exciting to the crypto community. It indicates that there is an opportunity for the big-box retailer Walmart to integrate with crypto companies.
Walmart’s job advert continued to specify the product lead “will be responsible for developing the Digital Currency strategy and product roadmap.”
The words of the advert all point to American retail giant Walmart initiating a cryptocurrency journey. Although the details of how involved Walmart will be involved with crypto are unknown, the most obvious way is in accepting crypto payments.
Big-Box Retailer Walmart Is Not New to Blockchain Related Products
Walmart’s job advert comes weeks after rumors surfaced that its biggest rival Amazon was making an entrance into the crypto scene. The rumors also stemmed from Amazon’s job advert for a digital currency and blockchain product lead.
However, Walmart has dipped its foot in blockchain-related matters in the past. In 2019, the American retail giant applied for a patent on price-stable crypto. The digital asset would be similar to Libra, Facebook’s nascent project.
Walmart has occasionally applied the use of distributed ledger technology to track products such as food and drugs along the supply chain. Additionally, at the beginning of this year, big-box retailer Walmart created a fintech unit called Hazel, in a bid to get a share of the consumer finance pie.