Walmart becomes latest to explore cryptocurrency payments

Walmart has become the latest major retailer to explore cryptocurrency payments as it searches for a digital currency expert to join its team.

The US’ largest retailer recently posted a job advert for a “visionary leader” with at least a decade of experience in technology with “significant knowledge of the cryptocurrency ecosystem”, according to Bloomberg.

The new crypto head, who will be based at Walmart’s headquarters in Arkansas, will be tasked with indetifying “crypto-related investment and partnerships” while developing its “digital currency strategy and product roadmap”.

News that Walmart is considering accepting digital currencies has sent the value of Bitcoin up three per cent and Dogecoin up 16 per cent.

The currencies saw similar bumps in value weeks earlier after Amazon, Walmart’s closest rival in the US, was also revealed to be looking for a cryptocurrency expert to explore a possible integration of the technology.

READ MORE: Philipp Plein has become the first major fashion brand to accept cryptocurrency

Speaking to CNBC, Amazon 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.”

It comes as more and more retailers, including Whole Foods, Home Depot, Starbucks, Philipp Plein and Apple explore the space, with many already accepting cryptocurrency indirectly through third-party applications.

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