Topic: WALMART is hiring a cryptocurrency product lead ! (Read 309 times)

I think Walmart’s decision to hire a blockchain product lead is a smart strategic business move. The more large corporations like Walmart embrace the use of blockchain technology in different areas of their supply chain the greater chance they will have in staying relevant in the new digital economy. I believe this new hire move will have a positive effect on Walmart’s stock because it shows investors that they have a commitment towards innovation and are interested in future proofing their business.

ubisoft is hiring too for blockchain, so i guess everyone is starting to move ?

And what they will try to do with crypto? Another SQL implementation? Wallmart sale token? Sounds strange

These days a lot of good news is starting to emerge for bitcoin. this will be a good influence for the price of bitcoin. The more adoption there is, the more people will know bitcoin and use it. Walmart is a US retail giant that will have a huge impact on bitcoin and cryptocurrencies. more and more other big companies are starting to research and adopt bitcoin.

Although it is started from hiring someone who really knows about cryptocurrency, we may expect that Walmart is really interesting in cryptocurrency and probably will start to a big something else in crypto.
They are a big company in the world. Many people may know this Walmart. Once this announces something about cryptocurrency and that is valid, it will really gives a positive impact on them. However here, we may not be sure enough when it will happen.
But at least, they need someone who knows about investment and probably uses case of Crypto itself and will go to another big jump of the adoption.

I am not really surprised that big companies are beginning to make plans for implementing blockchain technology into their businesses or at least are exploring if the implementation of it is possible or if it makes sense for them. WalMart is of course a huge player and a company name that almost everyone in the world has heard before even if you are not from the US. I don't think that i have ever seen a walmart store in germany and i don't know if there even is one, but still know about walmart of course. I also think though that news like this are nothing special anymore so i don't expect this news to have any impact on the price development now.
If Walmart announces in the future that they will also accept cryptocurrencies as payment in the future, then this will surely have an impact.

So after all the I'll talk against crypto now every big companies are joining? Lol this makes the sentence ( if you can't beat them you join them ) 💯 true lol, this is good news but I won't fomo yet on this until more concentrate proof shows up, like Walmart really exposing this as a fact

I believe that investing in Bitcoin and blockchain will go hand in hand as big companies in the US are doing so. Walmart is a big and old business. They will have a strategy to grow their corporation for many years to come so blockchain is key along with other technologies. Bitcoin is considered a legal asset and many companies have invested in it so I am confident that Walmart's system is ready to accept Bitcoin in the future.

Not certainly Walmart using existing crypto out there but possibly them transferring their existing rewards features and payments over to a cryptocurrency. Those are two different things. Walmart is a huge company, and even if we have a reason to believe that they can take risks and accept crypto on their end any time soon, a lot of legalities would come along the way that will prevent them from doing so.

I guess let's not be extremely hyped about the posting. A lot of huge companies with crypto-related openings in the past hasn't really been able to do change on their companies by adding or integrating cryptocurrencies.

Just to get a quick sense of crypto jobs on offer, and bearing in mind that the results are non-exhaustive and dependent on the penetration of LinkedIn in the sought countries amongst other things, I’ve searched for the term "cryptocurrency" on LinkedIn for a bunch of random countries, to see how many currently open positions there are available, rendering the following results:

USA:            Over 9.000 jobs
UK:              909 jobs
India:           772 jobs
Canada         399 jobs
Germany:     310 jobs
Netherlands: 305 jobs
Ireland:        206 jobs
France:        191 jobs
Portugal:      162 jobs
Switzerland:   72 jobs
Japan:           66 jobs
Spain:           57 jobs
Brazil:           42 jobs
Israel:           32 jobs
Italy:            16 jobs

Of course the sought term is generic, and you see posts ranking from manager through developer, to trading expert, but it gives a small sample idea of current market demands for crypto-related profiles is some countries. Bear in mind that the above is relative to current demand, not covering existing employees in the industry which are way higher (Consultancy firms, banks, large retails already researching options, fintech, etc.).

Large corporations not dedicating some resources to at least exploring crypto as payment methods, are not placing their eyes on all of the board game.

I mean with Tesla accepting bitcoin as payment method and the news hovering over amazon either by accepting bitcoin as a payment as well or creating their own currency, it is no surprise to see many other companies and economical giants racing towards adapting this news concept and investing in the crypto market that has been rapidly growing and it reached the point where it has become a multi billion dollar market, and i am sure that we are on the verge of seeing many other doing the same.

They are not looking for an executive director and certainly won't hire one without experience in their own company or one that applies to an ad, they've searched for a product lead, meaning a person that is in charge of running a team that will either launch or prepares a product.
Unfortunately for me, it seems far likely it's one of their own creation, an addition to the already existing Walmart Credit and Money cards.


Nope, that's exactly what large companies do, they do a lot of testing, especially the ones that are having a lot of stores or cover multiple countries, it's nothing special to see many stores in a region to be beta testers of something.  The perfect example was how scanning your own purchases and paying was rolled out by every company, Walmart launched it in a few stores and then decided to retire it because of bad feedback from clients and low usage. They've spent billions, tested it for months in one hundred and so stores, and then abandoned it. Now they've moved to a new version, and are currently testing it in a few superstores but are still using employers to scan. On the other hand, they are testing cashier-less functions in some others.

People often don't realize how much testing is done, how many hours, and how much money is spent sometimes on products that will never be completed or dropped a few days before being introduced to the public.


Rush in with a product and don't thoughtfully test on your payment network, end with people blocking your customer's lines because their payment doesn't go through, have people pay you 5$ of BTC, and when your system is batching payment you realize it's paying more than what is worth to use the dust received because your system fees are not well designed, implement a thrid solution that has never been tested at a large scale and piss of your customer as it never works?
How do you go about processing chargebacks, how are you offering refunds, who is issuing them, what department is in charge of calculating and sending those back,...do you seriously think such a large chain will simply hand the cashier a smartphone with electrum on it, and that's all, everything is ready to go?

For its a great news for crypto now it  will be little more easy to reach more person about crypto. Hope this gives a little push in market because bitcoin is in stable zone which is a sideways trading zone which is also huge risky for traders. And now we can hope that walmart maybe accpet bitcoin very soon as a payment method. Not only after this things happen lots of business will also do the same and more country will be little more aware of this and people of those country can easily ask for bitcoin permission on their country.  Its my feel others can be different thank you

If they do plan on accepting cryptocurrency payments then I do not think it would take as long as you think. They would not need to test it or do limited roll outs. They could test it themselves but when it is working they do not need to touch it. They do not lose any thing by including crypto payments on their platforms. I still think that we are being optimistic and I think this newly hired person will be a advisor for investing into Bitcoin instead of accepting it on their platforms.

It looks like there are a lot of larger businesses hiring cryptocurrency people lately. Since the larger they are the slower they move we are probably years away from seeing anything real. There will be tests and limited roll-outs. Then pulling back and examining the results, they some other testing. Then it will either all come to a big launch or just shutdown and moved to the this didn't work (make us enough profit) pile.

In the crypto space we are all used to seeing things happening very quickly, in the "real" world, big business moves at a snails pace.

-Dave

Not a chance they don't plan to! It is very exciting to see how this big institutions are now competing among themselves in btc adoption or at least recognising btc and it's importance to their business, I must say it is both surprising and pleasant news all together, never thought a company like Walmart will easily get on board, am very excited to see the turn up in the next few months, definitely btc price will grow as well.

IMO, I guess cryptocurrency adoption is much alive, and the big companies are doing it despite the negative publicities and other damaging issues that were thrown in the crypto industry recently, from regulation to climate change issues, etc. but despite all of that issues here we are witnessing the crypto adoption in the making and this time it is Walmart a US retail giant and then who's follow's next? Anyway, its a positive news and I'm hoping that the next information about this will be more productive.   

This does not mean that Walmart are planning on accepting Bitcoin but as a company they could be looking to invest capital into Bitcoin. I hope that giants like Walmart do accept Bitcoin in the future because that would help adoption but I am not getting my hopes up until they accept it and continue accepting it for a couple of years.

I think it is for investing into Bitcoin and not accepting Bitcoin in their stores.

Every large company has a research department. Samsung, Hyundai, Apple, Microsoft, Google have dozens of blockchain patents that have been registered for intellectual property. So I do not doubt that Walmart is looking for experts to research blockchain technology to apply to its company.
Blockchain will help them manage their supply chains more efficiently.
Blockchain adoption is trending and I believe it's right.

This is the great thing about investing in Bitcoin and crypto. Large companies haven't adopted to the technology yet, and when they enter the space, price are bound to go up.