• The person in charge will be responsible for creating a complete product strategy and roadmap for cryptocurrencies.
• The recent move comes as other global retailers are warming to crypto as a payment option.

Walmart, the largest brick-and-mortar store retailer in America, is looking to test waters with cryptocurrencies. The retail giant has released a job posting wherein it seeks to hire a cryptocurrency product lead.

The move from Walmart is pretty obvious since major retailers and major worldwide are looking to offer crypto payments options. Online payment giant PayPal is already making a move into it and has registered sizeable growth through its crypto ambitions over the last year. The job posting from Walmart reads:

As Digital Currency/ Cryptocurrency lead at Walmart you will be responsible for developing the Digital Currency strategy and product roadmap.  As an expert in Digital Currencies/ Cryptocurrency and Blockchain related technologies, you will drive the vision for the product and capabilities roadmap.  You will provide the leadership to identify technology and customer trends and the investments needed to build on those trends.

Besides, the person in charge will also be responsible for driving the retail and digital currency strategy for Walmart. Furthermore, building crypto-related partnerships will be a key part of the role.

Walmart is not the only player to have a positive outlook for crypto. There were strong rumors last month about e-commerce giant Amazon facilitating crypto payments by the year-end. However, Amazon clarified that it doesn’t have any such plans in the pipeline.

Read More: AMP price shoots 50% on rumours of working with Amazon on its crypto project

But just like the arch-rival Walmart, Amazon published a job posting last week looking for a Digital currency and blockchain product lead. Speaking to CNBC, an Amazon spokesperson said:

We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.

Walmart’s experiments in FinTech

Just like several other corporate players, Walmart is not willing to stay behind in crypto adoption. Rather, we can say that it has adopted a holistic approach in making the most out of the FinTech revolution.

Two years back, the company applied for a patent for having price-stable crypto. This was somewhat similar in tune with Facebook’s Libra project. However, Walmart didn’t pursue it aggressively looking at all the regulatory constraints.

On the other hand, Walmart has been also experimenting with making the best use of distributed ledger technology. It has been working on adopting some non-financial solutions like trading food and drug throughout its entire supply chain.

Furthermore, Walmart is looking to build its own “Super App” through its fintech startup Hazel. This startup will cater to a broader ecosystem of financial services including lending, bank accounts, digital payments, and much more.