Walmart enters the cryptocurrency market

Walmart, the largest U.S. retailer in terms of total sales, has opened a position for the head of digital and cryptocurrency products.

As stated in the job description, the responsibilities will include managing the retail giant’s digital currency strategy. Walmart needs this specialist to provide management with “ways to identify technology and consumer trends.” In addition, the right candidate will have to find the types of investments that are necessary for the development of the cryptocurrency direction.

Walmart also applied for a patent two years ago for a cryptocurrency similar to Facebook’s nascent project (Libra). Walmart has also experimented with distributed ledger technology for non-financial purposes, including tracking drugs and food in the supply chain.

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