Retail Giant Walmart Focus on Hiring Digital, Cryptocurrency Lead

Walmart, the largest US retailer by total sales, has stated that it is looking to hire a digital currency and cryptocurrency product lead. The company has stated that this new role seeks to provide leadership with ways to identify technology and current customer trends. Part of the role's remit will also include driving the retail giant's digital currency strategy. Investments needed to build on those existing trends will also be advised by the crypto product lead.

It is likely that Walmart is making moves to accept cryptocurrency as payment. Besides, in 2019, the company applied for a patent on price-stable crypto similar to Facebook's nascent project, which was called Libra. Walmart has also experimented with distributed ledger technology for many nonfinancial uses like tracking drugs and food along the supply chain.

Now Walmart has created a fintech unit called Hazel. This move has now signaled the big-box retailer has not lost its appetite for a piece of the consumer finance pie. It is only a matter of time before the world's retail giants open the floodgates by enabling crypto payments; the rest will follow pretty quickly when that happens.