Walmart and Crypto?

[Murat]

After making an announcement about the Libra and Tether now Walmart also declared about its a private coin, so it's the beginning of the revolution of this cryptocurrency, though it's a stable coin but people's perception is getting changed about the cryptocurrency and they are making themselves prepared to be part of this newly invented monetary platform. I think the coming of Walmart doesn't make any negative impact on this cryptocurrency because it's totally different from mainstream cryptocurrency, it's a stable coin and cryptocurrency is not the same. so it's not a matter of concerning issue for me, It's a development of this stage and flourishes it more and more.

[sureshverma]

It is unlikely that this will greatly affect the crypto, but nevertheless it is good

[SaShiRaJaVu]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

So the retail giant walmart is also planning to take advantage of the centralized market just like facebook. Heard they are trying to patent something and they might wait till facebook release their centralized token and come up with their version of token that could be used in their stores. Looks like they are also planning to come up with another stable coin. There might be a time when every corporate companies come up with their version of stable coin and then the government will come up with their version  .

[Mandoy]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

Walmart coin is similar to Libra coin which facebook have.  The Walmart coin will not have much impact on cryptocurrency market since walmart coin can only be used to purchase things on wilmart. One of its primary purpose is to make online shopping more convenient to shoppers and while using walmart coin a loyalty award in form of coins will enter into their wallet.

[Realroy]

Walmart coin is similar to Libra coin which facebook have.  The Walmart coin will not have much impact on cryptocurrency market since walmart coin can only be used to purchase things on wilmart. One of its primary purpose is to make online shopping more convenient to shoppers and while using walmart coin a loyalty award in form of coins will enter into their wallet.

just like reward points. just instead of reward points, that would be for initial purchase. rest the functioning will remain the same.

[finzyoj]

Walmart coin is similar to Libra coin which facebook have.  The Walmart coin will not have much impact on cryptocurrency market since walmart coin can only be used to purchase things on wilmart. One of its primary purpose is to make online shopping more convenient to shoppers and while using walmart coin a loyalty award in form of coins will enter into their wallet.

Indeed, it only sounds like good for crypto world because of its automation and also offers faster transactions but in reality I don't think it will hype btc's price. It's point of application is only limited for walmart coin, actually they could made a wiser decision if they also accepts btc payments. But who knows? Maybe it's just their first step for utilizing even more options like crypto .

[SummerBliss]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

Walmart is one of the leading business and it does not want to lose craze about the efficient use of blockchain technology in their system and start their own crypto token so as to compete with others.It is good for them as they are taking forward step to enter the market.But governmemt might intervene in their business as rules are not supportive for crypto market in USA but still its a good marketing technique for them to apply to increase customer base.

[CryptoBry]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

People have a divided opinion on the entrance of giant companies to cryptocurrency by issuing their own centralized coin taking advantage of their own captured market just like what Walmart and Facebook are doing. Both of these projects are looking at the remittance market and the millions who are regularly on traffic to their own private infrastructure. In the case of Walmart, they can easily use their own coins for their hundreds different stores and this is a huge market...the same thing with Facebook.

I still have to hear any news of any regulator questioning the intent of Walmart and can be because the project has not been that activated in the eyes of the public. Is this still in its infancy? Or is already on the stage the same as Libra is now?

Concern that a project like this can disrupt the traditional banking and finance system, we have to make sure that parameters and safeguards are in place. The only big concern here is that this is not a decentralized platform unlike Bitcoin. This is the reason why I myself is not on full support of this initiative though it is exciting to see blockchain and cryptocurrency now being recognized by many businesses.

[blckhawk]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

It's nice to see that companies are looking into the potential of cryptocurrencies and invests on developments of their tokens. It may have an impact to the current market if the public percieved crypto as a good alternative to payment, however, we are quite unsure how significant its effect would be. But it does help introduce crypto to the innocent ones who does not know anything about it.

Several replies here are right, a private company initiating engagements with cryptocurrencies won't go well. We know that the current administration does not want negotiations using crypto.

[iMark]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

So the retail giant walmart is also planning to take advantage of the centralized market just like facebook. Heard they are trying to patent something and they might wait till facebook release their centralized token and come up with their version of token that could be used in their stores. Looks like they are also planning to come up with another stable coin. There might be a time when every corporate companies come up with their version of stable coin and then the government will come up with their version  .

The era of tokens and digital currency is starting to become popular, if Facebook with their libra is successful in the market, there will certainly be many other companies that will make their own tokens, not just Walmart. but honestly I'm still very loyal to bitcoin, libra has a lot of cons, and so does Walmart if they follow Facebook's footsteps.

[hypersonic1]

Stable coins of any kind are not a direct threat to Bitcoin in any way. They are tied to the US Dollar which means they lose value. It's like saying buying dollars on paypal will rival Bitcoin. It is however a nice on ramp for the average person to trade into BTC should they allow it.

[jets567]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

People have a divided opinion on the entrance of giant companies to cryptocurrency by issuing their own centralized coin taking advantage of their own captured market just like what Walmart and Facebook are doing. Both of these projects are looking at the remittance market and the millions who are regularly on traffic to their own private infrastructure. In the case of Walmart, they can easily use their own coins for their hundreds different stores and this is a huge market...the same thing with Facebook.

I still have to hear any news of any regulator questioning the intent of Walmart and can be because the project has not been that activated in the eyes of the public. Is this still in its infancy? Or is already on the stage the same as Libra is now?

Concern that a project like this can disrupt the traditional banking and finance system, we have to make sure that parameters and safeguards are in place. The only big concern here is that this is not a decentralized platform unlike Bitcoin. This is the reason why I myself is not on full support of this initiative though it is exciting to see blockchain and cryptocurrency now being recognized by many businesses.

I agree on you with this one because the other effect of this movement could bring more awareness for Bitcoin although these large companies are creating their own stablecoins but I'm wondering that if Facebook and Walmart passed from the regulators, does it mean that Bitcoin will passed too?

[haidil]

Stable coins of any kind are not a direct threat to Bitcoin in any way. They are tied to the US Dollar which means they lose value. It's like saying buying dollars on paypal will rival Bitcoin. It is however a nice on ramp for the average person to trade into BTC should they allow it.

It is true that stablecoins are not a threat because they follow the USD currency. but still will be different from btc.

[bounceback]

walmart jumps into cryptocurrency whose prices are related to fiat currencies and is facilitated by blockchain or stabelcoin walmart is a company that has a large enough income and in my opinion walmart has no challenges for bitcoin and does not affect other cryptocurrency because bitcoin is the first digital currency launched and bitcoin one Standalone coins without the help of other altcoins.

[Afnan_faizah]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

Atleast there are two important reasons that make walmart interested in cryptocurrency.
1. To reduce interchange fees
2. To enchances cross border remittance
In 2013 wallmart paid roughly $3 billion in interchanges fee. It seems that wallmart has good reason to find way out for it's problems by using cryptocurrency. I think instead of still using the traditional way of doing transaction we better use a more modern way that is certainly better. Bitcoin price will rise because when wallmart pay it's employee using cryptocurrency it will create demand for bitcoin. It can be good sentiment for bitcoin price.

[dimonstration]

just like reward points. just instead of reward points, that would be for initial purchase. rest the functioning will remain the same.

For the start maybe, once it works fine they can eventually accept other crypto as payment, but for a start since it's a new adoption they need to examine or to consider those who are not still aware in crypto. It's a good start even it only focuses on being a stablecoin, let's just hope they will consider more  function in the future.

[Wintersoldier]

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

Walmart coin is similar to Libra coin which facebook have.  The Walmart coin will not have much impact on cryptocurrency market since walmart coin can only be used to purchase things on wilmart. One of its primary purpose is to make online shopping more convenient to shoppers and while using walmart coin a loyalty award in form of coins will enter into their wallet.

In this regard, if wallmart coin will use the blockchain technology, and technically they can still buy wallmart coin using cryptocurrency. If that is so, it can affect the cryptospace holistically, their market volume are connected in such a way that we should also consider when making decisions. Walmart coin might just be used inside, but if its value increases, traders might also make profits out of it.

[Tonteus]

These things are made for each other - Walmart and Crypto