Is Walmart Joining the Cryptocurrency Market? Bitcoin Stays Around 54 Million Won

Bitcoin Surpasses 55 Million Won Mark on the 13th

[Asia Economy Reporter Gong Byung-sun] Bitcoin, the leading cryptocurrency that surged on the 13th, remained around 54 million KRW. While continuing its upward trend, the US retailer Walmart is also expected to enter the cryptocurrency market.

According to the domestic cryptocurrency exchange Upbit, as of 5:09 PM on the 16th, Bitcoin recorded 54.62 million KRW, down 0.02% from the previous day. On the 13th, Bitcoin rose 5.89%, surpassing the 55 million KRW mark. Since then, it has shown little change.

The direction of altcoins is mixed. At the same time, Ethereum recorded 3.79 million KRW, down 1.38% from the previous day. Ethereum also rose 7.28% on the 13th. Alpha Quark, Ethereum Classic, TON, and DeCargo fell 2.84%, 2.70%, 2.66%, and 2.46% respectively compared to the previous day. On the other hand, altcoins such as Serum, Theta Token, Lisk, and Pundi X rose 12.29%, 6.68%, 6.43%, and 5.90% respectively during the same period.

Expectations are growing that Walmart may also participate in the cryptocurrency market. On the 15th (local time), according to cryptocurrency media The Block, Walmart posted a job advertisement on the business social network service LinkedIn seeking blockchain technology experts. Walmart stated that the position would be responsible for establishing cryptocurrency strategies and product planning.

Earlier, Walmart’s competitor Amazon also posted a job advertisement to recruit personnel related to cryptocurrency. According to US economic media CNBC on the 23rd of last month, Amazon announced it was looking for experts to establish blockchain-related strategies and product planning. As expectations grew that major retailers would utilize cryptocurrency payment services, Bitcoin even surpassed 40 million KRW at that time. However, Amazon denied the related facts, stating it has no plans to launch cryptocurrency payment services.

This content was produced with the assistance of AI translation services.