The Dogecoin community is nothing if not opportunistic. Now that major retailer Walmart has shown a budding interest in cryptocurrency payments, as evidenced by a U.S. job posting for a digital currency and crypto product lead, investors in the popular meme coin are looking to make a connection.
The Doge community has banded together on Twitter in an attempt to have Dogecoin accepted as a payment method at the big-box retailer. Walmart is not the first company to make it on the Dogecoin community’s radar, and chances are it won’t be the last. Doge investors have been targeting Tesla ever since Elon Musk caught meme-coin fever.
— Matt Wallace ⚠️ (@MattWallace888) August 17, 2021
Dogecoin investors are showing their willingness to use their Doge as a “medium of exchange,” just as billionaires Mark Cuban and Elon Musk have independently touted.
Walmart’s Blockchain Push
Walmart is the most recent in a string of companies that are hiring talent for the blockchain and crypto, a list that extends to Amazon.com, among others. While Walmart has already invested in the blockchain, the company is seemingly eyeing crypto payments, though which digital assets it might support remains unclear.
Walmart boasts that it already “enables a broad set of payment options for its customers.” Apparently, it is looking to expand upon those payment options, and the Dogecoin community would be happy to oblige. Walmart just reported fiscal Q2 sales of USD 141 billion, up 2.4% YoY. Cryptocurrency investors are eyeing a slice of the retail pie.
For its part, Walmart is looking for a team member to spearhead its “digital currency strategy and product roadmap,” according to the job posting. The company is also in the market for strategic partnerships and investments in the crypto space.
Dogecoin investors are likely feeling empowered now that the price is hovering above USD 0.30 once again. The Doge price is taking it on the chin today and is down 4% in the last 24-hour period, however.
Over the weekend, Doge soared by a double-digit percentage as it reclaimed the USD 0.30 range for the first time since June. Now that bitcoin has turned negative, however, the other leading cryptocurrencies are trading lower in sympathy. Doge investors are looking for signs of their favorite cryptocurrency trading independently from its larger peer. Potential support from Walmart just might do the trick.