Walmart is seeking someone to bring the retail giant into the crypto age. The company posted a job listing on Monday (Aug. 16) for a digital currency and cryptocurrency product lead to help them develop a digital currency strategy.
The person in question will have a record of leading and scaling companies, along with a decade-plus experience in product or program management and tech-based product commercialization. In addition, the ideal candidate will be an expert in the world of cryptocurrency and its key players, as well as in blockchain.
This position will be based out of Walmart’s headquarters in Bentonville, Arkansas, where the person will be responsible for establishing “a product roadmap” and driving project execution, as well as identifying crypto-related investments and partnerships.
Walmart’s interest in the crypto world didn’t spring up overnight. Back in 2019, the company filed a patent for a “digital asset” that would be tied to generating a digital currency unit that in turn would be pegged to a unit of “regular currency.”
In the filing, Walmart said that “the digital currency may be pegged to the U.S. dollar and available for use only at selected retailers or partners. In other embodiments, the digital currency is available for use anywhere.”
Both Apple and Amazon are seeking workers with crypto expertise.
Amazon began searching for a digital currency and blockchain product lead to join their payment acceptance and experience team back in July.
Earlier this year, Apple posted an ad seeking a business development manager focused on alternative payments, and has worked with providers in fast payments, buy now, pay later (BNPL) and cryptocurrencies.
There’s a reason these companies are hoping to fill these positions. As PYMNTS’ research has shown, 18 percent of America’s adult population say they are likely to use cryptocurrency to purchase everyday items such as groceries and household supplies — in other words, the types of products that are Amazon’s and Walmart’s bread and butter.