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.
It’s been a long time that I have been seeing news about Walmart and blockchain and cryptocurrency, maybe they are finally ready to start making use of the Blockchain and cryptocurrency in their business and have setup the necessary things that will help them proceed with this step, which might be why they have started looking for an expert in this area. Who knows, maybe very soon they are going to start offering services that will have to do with blockchain and cryptocurrency ; they might accept bitcoin as a mode of payment. Bitcoin has gotten passed that rate of $48,000 but now is at below $47,000.