Walmart hiring crypto expert to develop digital currency strategy

Walmart Inc. is looking to hire cryptocurrency expert to develop a blockchain strategy, joining a growing number of major companies exploring the viability of digital currencies like Bitcoin. Based in Walmart’s Bentonville, Arkansas headquarters, this role will be responsible for developing the digital currency strategy and product roadmap.

The candidate will also help identify "crypto-related investments and partnerships," according to Walmart's job posting on its website. Bachelor's degree in business, engineering, or related field and experience in mergers and acquisitions, investment banking, business development, or related fields are minimum qualifications for this position.

Walmart is looking for a "visionary leader" with at least 10 years of product management or technology experience to develop its blockchain strategy. While the retail giant's specific intentions weren't immediately clear, the job description refers to a wide range of payment options for its customers in stores and online.

"As an expert in digital currencies/cryptocurrencies and Blockchain-related technologies, he will lead the vision of the product roadmap and capabilities. He will provide leadership to identify technology trends, customers and investments necessary to take advantage of these trends," he said.

Walmart's hiring effort follows a similar job posting from Amazon.com Inc. Competition, suggesting that the largest US retailers will soon allow customers to use cryptocurrency to pay for their purchases.

Last month, Amazon announced a vacancy for a crypto products leader, stirring speculation that it might accept cryptocurrencies for transactions. The e-commerce giant has sought out a "leading digital currency and blockchain product" with plans to bring its payment systems into the cryptocurrency era. According to an Amazon job posting on the website, it sought out an experienced product leader to develop an Amazon Digital Currency and Blockchain strategy and product roadmap.

PayPal Holdings Inc. by allowing select customers of its Venmo app buy, sell and hold crypto earlier this year and expanded efforts last week.

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