WALMART FOLLOWS AMAZON IN SEARCH FOR CRYPTO TALENT

A few weeks ago there was news that Amazon, the web’s largest retailer, had posted a position for a cryptocurrency specialist to head up possible integration and acceptance of crypto payments.
Now Bloomberg is reporting that Walmart is seeking to recruit a cryptocurrency expert to help create a blockchain strategy. The company joins a growing number of big businesses looking into the feasibility of digital currencies like Bitcoin.
According to a job advertisement on the retailer’s website listed over the weekend, the role would be responsible for “developing the digital currency strategy and product roadmap” and seeking out crypto-related investment and collaborations.
Walmart remains one of the largest brick and mortar retail chains in the U.S., but has ceded market share to Amazon in recent years, due to a shift to online purchasing, where Amazon was focused from the start.
The owners of both companies saw huge gains in profit due to COVID lockdowns in 2020 that forced many Americans to do even more purchasing online.
Walmart’s job search post mentions a “broad set of payment options for its customers” in stores and online, though they’ve made no public announcements regarding their exact objectives regarding cryptocurrencies.
Bitcoin, Ethereum and other major cryptos have seen a price recover after a late winter surge and bust that saw BTC drop in the summer to under 30 thousand, from previous highs of around 65 thousand.
The Walmart news in itself may not move the needle much on Bitcoin’s current price, but it adds to overall trends that have bolstered the crypto space in recent weeks.