Why Does Walmart Want A Cryptocurrency? | Crypto Craft

  • Why Does Walmart Want A Cryptocurrency?

    From forbes.com

    Walmart announced that it applied for a cryptocurrency patent and, predictably, the cryptopress began speculating about the giant retailers' plans and intentions. CCN wrote: "The move to patent a blockchain-based stablecoin variant generates speculation. Is Walmart trying to compete with Facebook Libra? Will CEO Doug McMillon be hauled in before legislators to defend his company’s right to innovate? Let’s not forget their over 2 million employees who could be paid in this new currency and immediately find themselves with access to the budding global crypto economy. The only thing that could make this better for ... (full story)

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cryptocow
Aug 5, 2019 1:59pm
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Quoting TwoSense
If Walmart is trying to target the unbanked, then their customers might benefit as they are typically towards the low-income end of the spectrum. If they were smart they'd just start accepting a cryptocurrency that's already out there. {image}
I think Bitcoin would make the lines at Walmart even more unbearably long.
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TwoSense
Aug 5, 2019 11:57am
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If Walmart is trying to target the unbanked, then their customers might benefit as they are typically towards the low-income end of the spectrum. If they were smart they'd just start accepting a cryptocurrency that's already out there.
Attached Image
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MarkGman
Aug 6, 2019 9:59am
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Within their walled-off payment garden on their apps, they could use whatever currency they wanted? I wish they'd leave the payment processing to other mobile wallet players - but I guess controlling it themselves provides a significant benefit.
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cityRat
Aug 5, 2019 11:27am
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I don't see the typical Walmart customer being interested in a Walmartcoin: http://www.peopleofwalmart.com/
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