Walmart is searching for a digital currency and
cryptocurrency product lead. Walmart is the biggest retailer in the United
States by total sales.
- The new position aims to offer leadership with methods
to detect technology and consumer trends, according to the retailer's jobs website.
- The crypto product lead in Bentonville, Ark., will also
advise on investments required to expand on those current trends.
- Driving the retail giant's digital currency strategy is
one of the responsibilities of the position.
- The job will also include identifying crypto-related
partnerships and investments.
- Walmart filed for a patent on a price-stable
cryptocurrency two years ago, comparable to Facebook's embryonic Libra project.
- Walmart has also used distributed ledger technology for
non-financial applications including monitoring medicines and food along the
supply chain.
- Walmart established a finance subsidiary named Hazel earlier this year. The move showed that the big-box retailer's desire for a slice of the consumer financial pie hasn't waned since its failed effort to get a U.S. bank license in the early 2000s.
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