US largest retailer Walmart has posted a job position on website and careers platform LinkedIn seeking to hire a digital currency and cryptocurrency product lead. Previously, it was reported that the chain was considering issuing its own virtual currency.
Based in Arkansas, USA, Walmart Inc. is an American multinational retail corporation that is currently the world’s largest establishment by revenue. In 2020, the company recorded a revenue of $559.2 billion.
According to the job description, the employees would be “responsible for developing the Digital Currency strategy and product roadmap”. Additionally, they need to “identify technology and customer trends and the investments needed to build on those trends”.
The ‘would be’ head will work at Walmart’s headquarters located in Bentonville, Arkansas.
Previously, Walmart applied for a patent to issue its stablecoin in 2019 at the US Patent and Trademark Office. The blockchain-powered stablecoin was intended to be used only in the affiliated stores.
Apart from using blockchain to power its stablecoin, Walmart Canada had earlier introduced a cargo tracking and payment system in 2019 that used blockchain technology to track the progress of the system.
The news seeking a job position for crypto product lead came just after Amazon posted a job position looking to recruit for a similar role. The company posted a job profile looking for a “product blockchain manager” to work on Amazon’s blockchain service “Amazon Managed Blockchain (AMB)”.
The posting led to a wide range of speculations in the market that the online retail giant might offer Bitcoin and other cryptocurrencies as a payment option. The speculation, though temporarily boosting Bitcoin value, was turned down by Amazon officials.
Apart from Amazon, JP Morgan has also ramped up its efforts to hire employees in Blockchain-related fields. According to the official websites, they have since posted about 60 blockchain-related jobs openings.