Walmart hires digital currency and cryptocurrency product manager

[ad_1]

Walmart began its search to hire a “digital currency and cryptocurrency product manager” to “own and drive the digital currency strategy”. As one of the largest retailers in the world, Walmart’s new position could be a promising development for the Bitcoin community.

The new role is that of a senior manager based at Walmart’s corporate headquarters in Bentonville, Arkansas. The role, as described on LinkedIn, is to identify cryptocurrency partnerships and investments, as well as “identify customer needs and translate them into product requirements.”

It is not clear at this point whether Walmart’s implementation of cryptocurrency payment solutions will involve the use of Bitcoin and the Lightning Network. But the job listing marks a watershed moment for the traditionally conservative global trade giant, whose products and services are ubiquitous in the United States.

Although the post, listed on LinkedIn, does not specify Bitcoin or any other cryptocurrency, it would be very difficult, if not impossible, for the large retailer and e-commerce company, with millions of buyers around the world, to d ‘invest in something other than Bitcoin as a successful long-term store of value, or a medium of exchange for its customers.

The job offer comes just one month after Amazon showed interest in accepting cryptocurrency for payment with a job offer for a digital currency and blockchain product manager. Together, Amazon and Walmart facilitate billions of dollars in online transactions per year.

Walmart filed a patent for stablecoins just two years ago, when corporate digital stablecoins were all the rage. There has been no update on this front. Two years and a halving cycle later, Bitcoin’s market cap has passed $ 1 trillion.

If Walmart were to start making Bitcoin payments easier or adding Bitcoin to corporate treasury, it would be sure to introduce millions of users to the immutable distributed ledger technology, dramatically accelerating adoption and bringing us closer to ‘a Bitcoin standard.

[ad_2]