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Highlights
- Walmart has thrown its hat into the crypto space, which may see the retail giant expand its virtual payment options to include digital currencies.
- Walmart has hired a crypto expert who’ll be responsible for developing the retailer's crypto strategy as well as identifying crypto-related investments and partnerships.
- The rapid surge of the digital currency space, particularly in the past two years, has seen a heavy increase in the number of crypto-related jobs advertised.
As crypto has moved away from the fringes of finance, more major companies have helped its plight to become considered a mainstream part of the finance world.
This was most famously seen earlier this year when electric car company Tesla began accepting Bitcoin - the world’s largest cryptocurrency – as payment for their cars, albeit short-lived when its CEO and founder, Elon Musk, reneged on the decision just a couple of months later when it was found that Bitcoin’s mining practices were found to cause significant harm to the environment.
But now another major corporation – mega retail chain, Walmart (NYSE:WMT) – has seemingly thrown its hat into the crypto space, which may see the retail giant expand its virtual payment options to include digital currencies.
Source: © Wolterk | Megapixl.com
To make this leap, Walmart has hired a crypto expert, who’ll be responsible for developing the retailer's crypto strategy as well as identifying crypto-related investment and partnerships. The position will be based in Walmart's headquarters in Arkansas.
Source: © Cammeraydave | Megapixl.com
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The expansion of the Crypto Market
The rapid surge of the digital currency space particularly in the past two years has seen a heavy increase in the number of crypto-related jobs advertised according to a report released from recruitment firm, Indeed Hiring Lab.
According to research, advertising for cryptocurrency jobs on the Indeed platform have spiked 118% compared to last year.
Looking for crypto experts
According to the job posting, it said Walmart is looking for a "visionary leader" to develop its blockchain strategy, specifically possessing functional knowledge of the cryptocurrency ecosystem as well as an "entrepreneurial mindset”, Bloomberg reported.
Walmart’s search for a crypto expert follows a similar job advertisement posted by the retail giant, Amazon (NASDAQ:AMZN).
A spokesperson for Amazon said recently they hope to bring the future of digital currency to deliver fast, and inexpensive payments to its customer base.
Furthermore, other major companies such as JPMorgan Chase, Apple and Pay Pal have also expressed interest in hiring for cryptocurrency positions.
There are already major companies including Starbucks who already allow customers to pay with cryptocurrency using applications that convert cryptocurrencies into U.S. dollars.
The move from major companies to adopt the rapidly emerging crypto market can only spell good news for crypto investors as the digital currency space moves further away from the fringes of the finance world towards a more mainstream acceptance which appears increasingly inevitable by the day.
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