Reportedly, Walmart Stores, Inc. (WMT) is looking for a digital currency/cryptocurrency lead as more retailers start accepting cryptocurrency transactions.
Reports of rival Amazon looking for a digital currency and blockchain product lead are also around the corner, however, the online retail giant denied reports that it would accept cryptocurrency as a payment mode. In 2019, Walmart applied for a patent on a price-stable digital coin. Walmart also uses blockchain technology, the ledger system behind cryptocurrency, to help track items on its supply chain.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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