Walmart, the world's largest retail company, strongly believes in the future of cryptocurrencies as a means of payment, and recent statements by its CTO, Suresh Kumar, have confirmed this favorable position for Bitcoin and other assets. Digital.
Speaking at the Yahoo Finance All Markets Summit yesterday, Kumar said cryptocurrencies are a "major" area of disruption in payment, whether for physical or virtual goods.
Cryptos will have a prominent place in future payments, according to Walmart.
"Cryptocurrencies will become an important part of how customers transact," he said, noting that "the way customers get inspired and learn about products" is changing.
Mr. Kumar also suggested that companies increasingly reach out to their customers in the metaverse or even on social networks via live streams, channels for which crypto payments could be substantial.
"When you talk specifically about crypto, it's going to be about product discovery, whether it's physical or virtual inside, either the Metaverse or upstream, and then how people transact." he declared.
"We want to make sure that customers' transactions and purchases are as simple as possible and that they can derive value from it. I think a lot of the disruption is going to start happening in terms of different payment methods, different payment options," he said.
About metaverses, it will be recalled that Walmart is present in Roblox following the launch of Walmart Land at the end of September. You can participate in virtual gaming experiences, a DJ booth, a Ferris wheel, and virtual " verch " products for user avatars. However, Roblox does not allow cryptocurrency transactions and does not use nft.
Walmart could blow up Bitcoin and other cryptocurrencies
On the other hand, Walmart announced at the beginning of the year that it could consider creating a digital currency or NFT.
Over time, Walmart's pro-crypto stance has led to rumors of possible acceptance of cryptocurrency payments at the company's superstores. However, nothing has been confirmed at this stage.
On the other hand, if Walmart accepts payment in Bitcoin and other cryptocurrencies at checkout, the future impact on the market could be enormous. Indeed, adoption as a means of income is the sinews of war for cryptocurrencies, which initially emerged as alternatives to national currencies.
However, the acceptance of BTC by the largest chain of hypermarkets in the world would constitute a giant leap in adoption. They undoubtedly explode the price of cryptocurrency in proportions challenging to assess.
For now, when it comes to bitcoin, Walmart has settled for installing 200 bitcoin (BTC) vending machines in its stores across the United States, a figure the company plans to expand to 8,000, on a deadline that has yet to be specified.
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