Walmart working on their own cryptocurrency
Published On : 2019-08-12 10:58:07
Supermarkt and retail giant Walmart has applied for a cryptocurrency patent that looks a lot like the Libra token proposed by Facebook.
Walmart has hinted that its cryptocurrency only becomes a currency for the closed environment of its own retail chain. Cash can be exchanged for "Walmart Coin" and it can be spent at any store location. It will have the characteristics of a stablecoin, which is getting more popular like our current Novem Gold airdrop.
The giant US-based retail store, employes over 2 million people and over 500 Billion USD in revenue in 2018!
Like usual, we alert you of positive signals in the blockchain industry. And when parties like Walmart announces that they are looking to implement crypto in their stores in the future, we believe this is yet another step towards mass adoption. Previously we reported blockchain news surrounding Twitch, Booking.com & Samsung.
Read more about this on Forbes or Coindesk.
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