Walmart's department store chain, one of the largest chain stores in the world, is looking to hire a cryptocurrency specialist. After the news, the price of Bitcoin reached above $48,000.
In its hiring ad, Walmart said it wants to hire someone for the job position of director of blockchain products and cryptocurrencies, according to YouTube. This led to the growth in the price of Bitcoin and its passage of $48,000. Each unit of Bitcoin is currently trading in the range of $47,600.
Walmart said in its ad that it is looking for an "interested" and "enthusiastic" person in the field of cryptocurrencies to develop the company's strategies in relation to cryptocurrencies.
Establishing partnerships in cryptocurrencies and investing in this area will be among the duties of Walmart's new director of cryptocurrencies.
Walmart has been testing the use of blockchain in its business for years. In 2018, the company had used blockchain to intercept food in a pilot program in collaboration with IBM.
https://arzdigital.com/walmart-job-ad-makes-bitcoin-revisit-48000/It is doubtful that the price of bitcoin went up over so little, maybe a few years ago we could have made that kind of connection as the adoption was still very low but now that there are so many people in this market something so small is not going to push the price up at all, however I think that if Walmart announced that they will accept bitcoin online and on their psychical stores all over the world then that could be enough to push the price up.