Walmart enters into the Crypto space
Who doesn’t know Walmart?
Walmart is America’s favourite multinational retail corporation operating a chain of hypermarkets, discount department stores and grocery stores.
Only a handful of people in this world may be so oblivious of the blue and yellow brand that has been serving people throughout the world since 1962.
In its glorious 59 years of operation, Walmart has extended its reach to 10,524 stores and clubs in 24 countries, operating under 48 different names.
Walmart is ranked the world’s largest company by revenue with $559.2 billion USD, beating the odds of reputable brands like Amazon, Apple, PayPal and Warren Buffet’s Berkshire Hathaway, as per Fortune 500.
In plain and simple words, Walmart has done it all. It has conquered every brand of the world and stands at the top.
Now, Walmart, the world’s largest company, is interested in cryptocurrency.
On August 15, Walmart posted a job vacancy on its official website seeking a cryptocurrency expert with 10 years of product management or technology experience to develop its blockchain strategy.
The position will be responsible for “developing the digital currency strategy and product roadmap” and identifying “crypto-related investment and partnerships”, and will be based in Walmart’s corporate offices in Bentonville, Arkansas.
This news shook the crypto space. Crypto supporters rejoiced as they saw Walmart joining the likes of other world-famous brands exploring the viability of digital currencies.
Just some weeks back, Amazon posted a vacancy for ‘Digital Currency and Blockchain Product Lead’. It was seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap. It was searching for someone with domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency.
Although Walmart has refused to provide any further information at this stage, the fact that Walmart is actively searching for a cryptocurrency expert is yet another milestone in crypto’s journey to mass adoption.