US EditionYou Still Can't Use Apple Pay at Walmart but You Have Another Digital Wallet Option
- Walmart and Amazon are considering issuing their own U.S. dollar-backed stablecoins to improve payment systems in the United States.
- This move follows ongoing discussions about reducing costly card processing fees and bypassing banks, amid broader industry interest in stablecoin technology.
- Walmart currently limits digital payments to its OnePay Wallet and Walmart Pay, has not confirmed stablecoin plans, and plans a new Walmart-branded credit card with Synchrony.
- The Wall Street Journal cited insiders reporting that internal talks include forming merchant groups accepting a common cryptocurrency, but regulatory and security concerns remain unresolved.
- If stablecoins gain wider adoption after legislation like the Genius Act passes, large retailers could shift consumer payments away from banks, affecting traditional credit card networks.
73 Articles
73 Articles
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
[New York - Ban Momoe] Major US retailers have begun to consider introducing US dollar-linked stablecoins that can be used for shopping and other purposes. US media has reported that major retailers such as Walmart and Amazon.com are considering the move. Regulations are being put in place under the Trump administration, making it easier to issue them. If payment mechanisms change, this could have a major impact on existing financial institution…
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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