Key Takeaways
- US retail outlet Walmart reportedly interested in offering crypto services
- The company recently placed an ad for a crypto product manager
- Crypto community excited at the prospect
Walmart has reportedly placed an advert for an expert in cryptocurrencies that would head its digital currency department. According to the job description, prospective applicants should have a minimum of a decade of experience in product management and blockchain technology.
The retail giant also hinted that the company was looking to expand its existing payment policy to include future digital currencies. The prospective employee would be responsible for formulating a comprehensive digital currency framework and roadmap.
In addition, he/she will also work towards researching customer preferences and transforming them into the product requirements. The project lead will also be involved in meeting other sections in the company to derive an extensive crypto-based product roadmap.
Walmart has been non-committal to crypto adoption and has not expressed a concrete policy on cryptocurrencies. However, the company filed a patent in 2019 for a crypto-based dollar digital currency. The currency had similar functionalities with the failed Facebook Libra project, but nothing has been developed so far.
There has been an indication that the retail giant could be planning something huge within the digital currency sector. Earlier in 2021, Walmart launched a new venture ‘’Hazel’’ that is expected to provide diverse financial services within a mobile app.
As expected the news that Walmart is considering launching crypto operations has been received with positivity in the crypto space. Many analysts believe that this development could have far-reaching implications for crypto adoption.
Walmart is one of the biggest retail outlets globally, and accepting crypto payments could significantly affect the market. It could also join other Fortune 500 companies like Tesla that accept cryptocurrencies in their business.
What are your thoughts on Walmart placing an ad for a crypto expert?
