RATE Group | Walmart Cryptocurrency Won’t Suffer Facebook’s Dismal Libra Fate: Analyst
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Walmart Cryptocurrency Won’t Suffer Facebook’s Dismal Libra Fate: Analyst

08 Aug Walmart Cryptocurrency Won’t Suffer Facebook’s Dismal Libra Fate: Analyst

Posted at 18:23h in Cryptocurrency News by

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Cowen, a veteran analyst and research group, believes that Walmart will face less political opposition than Facebook if and when it decides to launch its own cryptocurrency.

Government Likes Walmart Better Than Facebook?

Walmart revealed last week that it was looking into the creation of a stablecoin, via a patent filing.

The digital currency variant could have amazing possibilities, given Walmart’s massive footprint across the US. The working poor in the US rely on Walmart already for several financial services, including such vital things as cashing their checks and getting their money onto debit cards.

walmart cryptocurrency
Cowen believes Walmart would have an easier road to regulatory approval for a cryptocurrency than scandal-ridden Facebook. | Source: Shutterstock

Walmart also plays a vital role in the MoneyGram remittance network.

MoneyGram has its own interests in blockchain technology, having agreed to begin using Ripple (XRP) for cross-border settlement (at least in some capacity). Western Union…

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