Walmart CTO calls cryptocurrencies the future of retail transactions
According to Suresh Kumar, digital assets will be used more often on social networks and metaverses to pay for services and goods
18.10.2022 - 13:15
397
1 min
0
What’s new? Suresh Kumar, chief technology officer of the largest US retail chain Walmart, said that cryptocurrencies will become an important part of online and offline retail transactions. In an interview with Yahoo.Finance, Kumar noted that digital assets will be used more often on social networks and metaverses to pay for goods and services. He also added that blockchain and cryptocurrencies can be used not only as a payment tool but also, for example, as a way to track the delivery of goods.
What happened before? The Walmart chain is gradually integrating blockchain technology into its business. In October 2021, for example, the company installed crypto ATMs in several stores to buy bitcoin for cash. In September, the company launched games in the Roblox metaverse. Walmart Land features a virtual store, interactive virtual objects, and competitions. In Walmart’s Universe of Play, members of the Roblox community can participate in games and complete tasks to earn coins to buy virtual goods.
Earlier, ex-Morgan Stanley CEO called the advantages of cryptocurrencies over traditional finance. John Mack noted that users of digital assets do not need to deposit funds with financial institutions in advance in order to conduct transactions.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 605
BTC
+0.65%
-
Ethereum
$3 116.45
ETH
+1.76%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.11
XRP
+3.68%
-
Dogecoin
$0.373441
DOGE
+7.4%
-
Cardano
$0.733639
ADA
+2.84%
-
Bitcoin Cash
$446.47
BCH
-0.3%
-
Polkadot
$5.72
DOT
+0.06%
-
Litecoin
$90.5
LTC
-0.54%
-
Stellar XLM
$0.217668
XLM
+7.86%