Walmart is looking for a senior level executive to oversee digital currency and cryptocurrency products.
In a LinkedIn Jobs Released early in the morning of Sunday, August 15, Walmart announces the new position of Head of Digital Currency and Cryptocurrency Products. According to the announcement, the new position will be responsible for “developing the digital currency strategy and product roadmap”. Specific responsibilities include owning and driving the digital currency strategy for Walmart, iidentify customer needs and translate them into product requirements, and identify crypto-related investments and partnerships.
Walmart does not currently accept payments in bitcoin or other cryptocurrencies. In July 2021, its main rival Amazon (which also doesn’t accept cryptocurrency payments at the moment) posted an ad for a position with a similar title of digital currency and blockchain product manager.
This sparked a lot of speculation that Amazon was planning to accept payments in digital currencies and possibly even launch its own proprietary cryptocurrency. However, Amazon has publicly denied that it intends to accept or develop any cryptocurrency., admitting only that he has an interest in the space.
Bitcoin is an almost anonymous, decentralized, peer-to-peer online currency based on blockchain technology. Blockchain serves as a single, real-time ledger verifying all transactions made on the blockchain network. Other retailers that have recently started accepting or are considering accepting bitcoin payments include Newegg, Sheetz, and Camping world.
[Read more: Accepting bitcoin payment: Three X factors to consider]
Tesla electric car retailer started accepting bitcoin Following a major investment by the company in cryptocurrency in February 2021, he then said he would not accept bitcoin due to concerns about the amount of energy needed to ‘mine’ digitally bitcoin. The company recently changed course, saying it would accept bitcoin payments once miners can prove that about half of the energy used in bitcoin mining comes from clean sources.
In 2019, Facebook announced that it would launch Calibra, a subsidiary designed to allow consumers to access and participate in the Bitcoin-based Libra cryptocurrency network. However, later that year, Facebook advised that he was not sure when or if Calibra and the Libra cryptocurrency would come to fruition. Reports indicate that Facebook may attempt a limited launch sometime in 2021.