After Amazon, Starbucks, it is Walmart’s turn to enter the world of virtual currencies

According to CNBC, the world’s largest retail chain, Walmart, is recruiting a virtual foreign money skilled to broaden its cost choices as an increasing number of Fortune 500 firms (500 giant companies), most of them in the US, are in the virtual foreign money house …

According to the job posting on the Walmart web site, the above place will work as a virtual foreign money specialist at the firm’s headquarters in Bentonville, Arkansas, USA. This particular person shall be accountable for growing Walmart’s “Crypto Strategy and Product Launch Roadmap” and defining “Cryptocurrency-Related Partnerships and Investments”.

In reference to a powerful wave of investments in cryptocurrencies, many positions on this discipline have appeared on the labor market. According to a brand new report from Indeed Hiring Lab, cryptocurrency-related job postings on the Indeed platform elevated 118% over the previous yr. The job postings have additionally expanded from engineering positions and product growth to supporting positions equivalent to accounting and human assets.

According to Walmart’s job posting, the firm is searching for a “visionary leader” with at the least 10 years of expertise in product or know-how administration to develop a blockchain technique. Preference is given to these with “knowledge of the cryptocurrency ecosystem” and “business mindedness”.

Walmart’s job posting comes simply weeks after e-commerce big Amazon posted an analogous job posting for its funds division.

“We are excited about the innovation in the crypto space and are investigating how we can grow crypto on Amazon. We believe that the future is based on new technology that enables fast, modern payments at low prices. We look forward to offering Amazon customers this future as soon as possible, ”an Amazon spokesman instructed CNBC at the time.

In addition to Amazon and Walmart, many Fortune 500 firms equivalent to JPMorgan Chase, Apple, and PayPal are additionally hiring jobs for crypto-related positions. Several firms like Starbucks, Whole Foods, and Home Depot have all given their clients the means to pay in virtual foreign money by apps that permit changing virtual foreign money into USD.

Meanwhile, many celebrities and personal buyers – together with low-income employees – are flocking to spend money on cryptocurrencies alongside the conventional inventory market. According to a latest survey by NORC at the University of Chicago, 13% of respondents mentioned that they had purchased or traded virtual foreign money in the previous yr. The funding quota in equities is now 24%.

In the context of the rising cryptocurrency market, U.S. lawmakers have begun discussing reporting and taxation laws for this asset class.

“The industry has reached a turning point. Large and established companies are beginning to see the validity and vitality of cryptocurrencies, ”commented Jonathan Tamblyn, Human Resources Director of Gemini Virtual Currency Exchange.

Trang Linh

VnEconomy