Walmart seeks crypto products to advance digital currency strategy

North American retail big Walmart is on the lookout for a seasoned crypto specialist who can develop and drive an formidable strategy and product roadmap for digital currencies.

On the listing for that place, Walmart mentioned it’s on the lookout for somebody with a observe file in enterprise management and scale, with no less than 10 years expertise in product / program administration and commerce. The best candidate may have experience in cryptocurrency and blockchain-related applied sciences, in addition to an in-depth understanding of the cryptocurrency ecosystem and its core gamers.

Walmart pointed to the main focus of its future digital currency strategy by noting that it has enabled “a wide range of payment options for its customers” – albeit not but in currency. In 2019, Walmart filed a patent for an American blockchain-based digital currency backed by US {dollars}, which on the time resembled Facebook’s unique proposals for what would later be referred to as Libra.

This yr, Walmart launched a fintech firm referred to as Hazel, which is reported to provide a variety of monetary providers constructed right into a “mobile-first” tremendous app. “

Walmart’s future Head of Crypto and Crypto Products will probably be based mostly on the firm’s headquarters in Bentonville, Arkansas. In addition to growing and implementing an total crypto strategy, your primary process is to establish buyer wants and translate them into product necessities; Form partnerships with product, expertise and design leaders; Commit to the product roadmap for cryptocurrencies and promote the implementation of the challenge; and establish crypto-related partnership and funding alternatives.

Among the massive North American firms, Walmart is not the one one discovering methods to incorporate digital currencies into its e-commerce and broader enterprise strategy. In February of this yr, Amazon posted a job advert for a director to oversee a brand new digital currency service in Mexico that may enable customers to use digital currency when buying.

Related: Walmart China’s subsidiary works with VeChain to observe meals products

Walmart’s blockchain-related initiatives haven’t solely slowly entered the cryptocurrency area, however have up to now centered on utilizing the expertise for purposes corresponding to provide chain administration, buyer advertising and marketing, and good gadgets.