Walmart, like Amazon, seeks a lead in cryptocurrency

Walmart is looking to jump into the action with cryptocurrencies as the largest private employer in the United States launched a search on Monday for a digital currency and cryptocurrency product manager.

“As an expert in digital currency / cryptocurrency and blockchain technologies, you will lead the vision of the product and capability roadmap,” the job posting reads. “You will provide the leadership necessary to identify technology and customer trends and the investments required to take advantage of those trends. “

The senior manager will be based at Walmart’s corporate headquarters in Bentonville, Arkansas.

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Applicants should have a bachelor’s degree in commerce, engineering or a related field and seven years of experience in mergers and acquisitions, investment banking, business development or a related field.

In addition, they must have at least 10 years of experience in product or program management, technology and / or technology commercialization, experience with the cryptocurrency ecosystem and related technologies, and experience in the development of strategies and the implementation roadmap.

Walmart’s preferred qualifications for applicants for this role include a master’s or higher degree in business, engineering or related field, supervisory experience leading corporate development teams, leadership experience in business development, ‘cross-functional teams, experience leading post-merger management activities involving acquisitions and divestitures, and experience in project management.

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The retailer’s move comes days after competitor Amazon announced its own search for a cryptocurrency lead as the e-commerce giant apparently looks to start accepting digital currencies as payments for its products “as soon as possible “.

The company had already filed for a patent two years ago on a stable-priced cryptocurrency similar to Diem backed by Facebook.

In addition, Walmart has built a new fintech platform known as Hazel, which is expected to provide a wide range of services to consumers, including mobile payments and bank transfers, processing of credit card transactions, debit and prepaid and “virtual currency transaction processing”. Hazel by Walmart will also offer financial planning, portfolio analysis, tax preparation, insurance and credit repair and restoration services.

According to Coindesk’s real-time price tracker, the world’s largest cryptocurrency, Bitcoin, is trading at around $ 46,000 per coin on Monday morning, while rivals Ethereum and Dogecoin are trading at around $ 3,200 per coin. and 32 cents per coin, respectively.