A month after Amazon announced its need for a cryptocurrency expert, another American giant is posting a similar announcement. This time, Walmart is looking for a product manager specializing in blockchain technology.
Another tycoon with aspirations
The interest of institutions in blockchain technology manifests itself in different ways. Some of them invest their funds even in BTC, while others hire employees for positions closely related to crypto. Another representative of the latter group is Walmart.
The largest retailer in the United States is looking for a person for the position of “Digital Currency and Cryptocurrency Product Lead”.
The rest of the ad makes it clearer exactly who it is about. According to Walmart, the goal is to recruit “an expert in digital currencies/cryptocurrencies and Blockchain related technologies, tasked with driving the roadmap for growth opportunities and the creation of the product itself.”. The requirements for the candidate are to have a bachelor’s degree (MBA preferred), ten years of experience in project or product management, and in-depth knowledge of the cryptocurrency ecosystem and related technologies.
Following the above information, there was immediate speculation indicating that Walmart plans to accept crypto payments in its outlets. However, these have not been confirmed as of yet.
Who is Walmart?
Walmart is an American supermarket chain founded in 1962. The company’s growth was so dynamic that in 2010 it became the world’s largest retailer. Today, the company already employs more than 2.2 million people and has estimated revenues of just under $560 billion annually. It is also listed on the New York Stock Exchange under the ticker WMT.
The announcement, made by Walmart, is not the company’s first exposure to blockchain technology. It is known for at least trying to create its own stablecoin. That vision, however, has subsided over time. Walmart partnered with the StormX platform in December 2020. It offered a 4% so-called “cryptoback” for online purchases. Using blockchain technology, Walmart also controlled the supply chains of certain products delivered to its own outlets.
This is another great piece of news for cryptocurrencies
The exact purpose of the employee search is not known to the public. However, if the rumors turn out to be fact and Walmart plans to implement a crypto payment system in its chain, it would be fantastic news for the market. The next stage of mass adoption would become a reality. However, this is not necessarily the goal. Nonetheless, another giant interested in blockchain technology is still a great signal in the long term, indicating the demand for big business growth in this very area.