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Walmart Seeks Digital Currency and Cryptocurrency Product Lead

Walmart, one of the world’s largest retailers, is looking for a product lead for its digital currency and cryptocurrency division, according to a latest job posting.

Walmart seems to be entering into the blockchain and cryptocurrency house, with a newly posted opening for a ‘Digital Currency and Cryptocurrency Product Lead’ listed on its profession web page. The main retail chain is on the lookout for somebody chargeable for creating its digital foreign money technique and product roadmap.

Walmart on the lookout for crypto consultants

Among the many tasks concerned are creating the general imaginative and prescient for the product and its options, in addition to figuring out know-how and buyer developments. Notably noteworthy is the truth that the lead can even be tasked with discovering crypto-related investments and partnerships. This might imply integrations with crypto corporations, lots of whom would seemingly be keen to leap on the likelihood.

Walmart has even dabbled with cryptocurrencies previously. The corporate revealed that it was looking for a patent for its own cryptocurrency, although not many updates have been supplied since.

The information comes a number of weeks after Amazon announced that it was additionally on the lookout for a Digital Foreign money and Blockchain Product Lead. Whereas it’s nonetheless early days within the initiative, all indicators level in the direction of a giant change on the platform. This clearly reveals that main corporations wish to keep away from being ignored and that the know-how is displaying itself to be essential.

Blockchain is right here to remain

Walmart’s entry into the market just isn’t a lot of a shock, looking back. Many incumbent companies are turning in the direction of digital foreign money initiatives to maintain up with innovation. Quicker and cheaper funds, together with elevated accessibility, make each on-line and offline platforms an ideal goal for cryptocurrency functions.

Rumors of Amazon accepting cryptocurrencies had swirled earlier this yr — which the e-commerce big flatly denied. Nonetheless, ought to Amazon assist cryptocurrency funds, it might be a serious turning level for the market. In contrast to Walmart, Amazon is on the lookout for over 70 blockchain-related posts, proof of how critical the corporate is concerning the initiative.

Japan’s Rakuten, which is commonly known as the Japanese Amazon, has begun accepting cryptocurrencies for funds. The transfer was well-received by the crypto group and the residents of Japan. The corporate has additionally launched its personal cryptocurrency alternate.

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Source: Walmart Seeks Digital Currency and Cryptocurrency Product Lead

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