Walmart: Announce application for cryptocurrency

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Walmart: Announce application for cryptocurrency

Walmart: Announce application for cryptocurrency

  • The half-a-trillion-dollar retail chain also able to reduce interchange fees by $2.3 billion
  • The patent application for the ‘Walmart Coin’, however, describes uses similar enough to traditional banking
  • The supermarket giant argued the development of its own currency would allow low-income households
  • Walmart’s journey toward launch may differ from Facebook’s recently announced cryptocurrency
  • When Walmart is looking to increase its profit by cutting out the transaction fees
  • Walmart already uses blockchain to track produce along its supply chain