US EditionYou Still Can't Use Apple Pay at Walmart but You Have Another Digital Wallet Option
- Walmart and Amazon are exploring issuing their own U.S. dollar-backed stablecoins to offer alternative payment options for consumers.
- These initiatives follow broader retail and banking interest amid regulatory developments like the Genius Act, which could facilitate stablecoin adoption.
- Walmart currently limits digital payments to its OnePay Wallet and Walmart Pay, while refusing Apple Pay and Google Pay in over 4,600 stores nationwide.
- Experts highlight that stablecoins could reduce processing fees and transfer times, potentially shifting transactions away from banks and pressuring credit card networks.
- If adopted, corporate stablecoins from large retailers could disrupt traditional financial systems but require overcoming regulatory and security challenges first.
74 Articles
74 Articles
Activist Post
Mish Talk - Global Economic Trend AnalysisWalmart and Amazon Explore Issuing Their Own Stablecoins, Good Idea?
Do we need more stablecoins? Corporate coins could take payments activity away from banks and the traditional financial system. I am 100% O.K .with that. What Is a Stablecoin? A stablecoin is a type of cryptocurrency that is pegged to another asset, typically the U.S. dollar. Regulation will likely ensure that US dollar stablecoins are physically backed 1-1 by US dollars or very short term treasuries to guarantee liquidity. Exploring Stablecoins…
The Independent
The Independent (US)Walmart and Amazon looking at creating their own cryptocoins
Legislation would need to pass Congress in order for the currencies to be used
Circle’s Allaire Seeks to Partner With More Merchants
Circle Internet Group Inc.’s Jeremy Allaire pointed out that a report that Walmart Inc. and Amazon.com Inc. are exploring the use of stablecoins is the type of fresh market opportunities available for the largest US issuer of the digital tokens.
Walmart and Amazon Consider Launching Stablecoins - RetailWire
Large retailers are finally embracing cryptocurrencies as they become a more mainstream method of financial transfers. So much so, even Walmart and Amazon are reportedly exploring options to create their own U.S. dollar-backed stablecoins for consumers. According to a Wall Street Journal inside source, Amazon is in the exploratory phase of issuing a stablecoin for online purchases. Other alleged internal discussions among both Walmart and Amazon…
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