Walmart’s future digital currency and crypto product lead will be situated in Bentonville, Arkansas, where the firm is headquartered.
Walmart, the world’s largest retailer, is looking for a crypto expert who can help build and implement an ambitious digital currency strategy and product plan.
Walmart specifies that it is searching for someone with a track record of leading and scaling businesses, as well as at least 10 years of expertise in product/program management and technology-based product commercialization in the job description. The ideal candidate will be knowledgeable in cryptocurrencies and blockchain-related technology, as well as the crypto ecosystem and its key players.
Walmart has hinted at the direction of its future digital currency policy by stating that it already offers a “broad set of payment options for its customers” — but not in cryptocurrency. Walmart had already submitted a patent in 2019 for a blockchain-based US dollar-backed digital currency, which was comparable to Facebook’s early plans for what was then known as Libra.
Walmart launched a fintech initiative called “Hazel” this year, which could be positioned to offer a wide range of financial services combined into a “mobile-first “super-app,” according to reports.
Walmart’s future Digital Currency and Crypto Product Lead will be based in Bentonville, Arkansas, where the firm is headquartered.
Priorities include understanding customer demands and converting them into product requirements, designing and pushing an overarching crypto strategy.
Walmart is not alone among North American megacorporations in attempting to incorporate digital money into its e-commerce and overall business strategy. Amazon advertised a position in February for a manager to handle a new digital currency business in Mexico, which would allow consumers to spend digital money while shopping.
Walmart’s blockchain-related ventures have so far focused on leveraging the technology for supply chain management, customer marketplaces, and smart appliances, in addition to its gradual push into digital money.
