Walmart Inc. is preparing to create its own cryptocurrency and collection of non-fungible tokens
Walmart Filings Reveal Plans to Create Cryptocurrency and NFTs
The applications, which were first reported by CNBC, represent a significant step for the retail giant as it studies how to participate in the, a virtual world that blends aspects of digital technologies. Walmart in August advertised a position to develop “the digital currency strategy and product roadmap” while identifying “crypto-related investment and partnerships,” according to a job posting on the company’s website.
Walmart’s cryptocurrency plans were the subject of a high-profile hoax in September, when a fake announcement caused a short-lived surge in Litecoin, a relatively obscure cryptocurrency. According to the faked news release, Walmart would start letting its customers pay with Litecoin.
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