RATE Group | Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

02 Aug Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

Posted at 22:12h in Bitcoin News by

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On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope as well. Walmart’s patent follows Facebook’s recent Libra announcement and the ‘Walmart coin’ specifications are similar to the social media giant’s project as well.

Also Read: Pre-Register for Bitcoin.com’s New Crypto Exchange to Win Bitcoin Cash Prizes

Walmart Files Patent for a Digital Stablecoin Back by USD

Big-name corporations have been announcing the creation of their very own cryptocurrencies and the news has been a hot subject within the crypto community. It all started on June 18 when Facebook announced the launch of Libra, a stablecoin that will be available in Messenger, Whatsapp and as…

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