Walmart is seeking an experienced cryptocurrency specialist to help the business design and execute its ambitious digital currency plan. The ideal applicant will have at least ten years of experience managing and growing companies, as well as knowledge in cryptocurrencies and blockchain-related technology. Walmart is looking for someone who can manage complicated projects from start to finish while also having extensive knowledge of the cryptocurrency ecosystem, including an awareness of its key players.
Walmart hinted at its future digital currency approach by stating that it currently offers a “broad range of payment options to customers” — not only cryptocurrencies. Walmart submitted a patent in 2019 for a blockchain-based US dollar-backed digital currency that is now comparable to Facebook’s early ideas before they were dubbed Libra.
This year, the company formed Hazel Inc., which is reportedly ready to integrate financial services into a single mobile app; dubbed “Hazel,” this venture may be poised to introduce new forms of money such as Bitcoin or Ethereum, allowing users to purchase goods using their phones rather than cash or credit cards.”
Walmart’s future Digital Currency and Crypto Product Lead will be based at the company’s headquarters in Bentonville, Arkansas. Along with developing and executing an overall crypto strategy, they will be responsible for identifying customer needs and translating them into product requirements; forming partnerships with the product, technology, and design leaders; committing to and executing a crypto product roadmap; and identifying crypto-related investment opportunities and partnerships.
Walmart is not alone among North American multinational corporations in trying to integrate digital currency into its e-commerce and wider commercial operations. In February, Amazon advertised for a leader to oversee the launch of a new digital currency company in Mexico that would allow consumers to spend digital money while purchasing.
Along with its slow entrance into digital currency, Walmart has so far concentrated its blockchain-related efforts on supply chain management, consumer marketplaces, and smart appliances.