Walmart is looking for a crypto product lead

Cryptocurrency • August 15, 2021, 8:04PM EDT
UPDATED: August 15, 2021, 8:24PM EDT
Michael Vi / Shutterstock

Walmart—America's most ubiquitous retailer—is on the hunt for a cryptocurrency product lead, according to a job ad posted to LinkedIn five hours ago. 

The ad said the firm is "seeking a visionary leader" to fill the so-called digital currency and cryptocurrency product lead position. The person would create a digital currency strategy for the big box store. 

"You will be responsible for developing the Digital Currency strategy and product roadmap," the ad said. "As an expert in Digital Currencies/ Cryptocurrency and Blockchain related technologies, you will drive the vision for the product and capabilities roadmap."

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The person would also " identify crypto related investment and partnerships," the ad said. 

It's not clear from the ad what products the person would launch. The job ad was released weeks after rumors swirled that Walmart rival Amazon was poised to make a big entrance into the crypto market. Amazon has its own job ad for a digital currency and blockchain product lead.

Still, Amazon denied reports that it would accept bitcoin as a form of payment. 

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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].