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Walmart On Hunt For Digital Currency/Cryptocurrency Lead?

By John F. Heerdink, Jr.

Reportedly, Walmart Stores, Inc. (WMT) is looking for a digital currency/cryptocurrency lead as more retailers start accepting cryptocurrency transactions. 

As mentioned in the job description, the retailer is looking for someone who will “provide the leadership to identify technology and customer trends and the investments needed to build on those trends.” The position also requires the hire to “identify Crypto related investment and partnerships.”

Reports of rival Amazon looking for a digital currency and blockchain product lead are also around the corner, however, the online retail giant denied reports that it would accept cryptocurrency as a payment mode. In 2019, Walmart applied for a patent on a price-stable digital coin. Walmart also uses blockchain technology, the ledger system behind cryptocurrency, to help track items on its supply chain.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: The World's Biggest Retailer Is Looking For A Cryptocurrency Czar in Investor's Business Daily)


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