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Walmart plans to create its own cryptocurrency

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Roommate, there are so many companies joining cryptocurrency As a payment method, Walmart seems to be planning to take things to the next level! The mega-retailer plans to create its own collection of cryptocurrencies and non-fungible tokens (NFTs).Last month, the retailer filed several new trademarks with the U.S. Patent and Trademark Office indicating their intention to make and sell virtual goods, according to NBC Finance Channel.

Walmart said in a statement that it is constantly exploring how emerging technologies can shape the shopping experience of the future. “The company continued, “We are always testing new ideas. Some ideas are turned into products or services that serve customers. And some we test, iterate and learn. “

Other companies such as Nike have followed suit and joined the NFT wave. Nike also filed several trademark applications in early November, previewing its plans to sell virtual branded sneakers and apparel, reports show. Later that month, the company announced a partnership with Roblox to create an online world called Nikeland. Nike acquired virtual sneaker company RTFKT (pronounced “artifact”) in December for an undisclosed sum.

In addition, Gap has also started selling NFTs of its iconic logo jersey. The California-based company said its NFTs range in price from about $8.30 to $415, and consumers will receive a physical hoodie when they buy it. Trademark attorney Josh Gerben said the company is making the change in preparation for Metaverse.

“These documents are very tight. There’s a lot of language in them, which suggests there’s a lot of planning behind the scenes on how they’re going to address cryptocurrencies,” said Gerben’s attorney. It’s unclear when the change will take effect and if Walmart will allow customers to use other forms of Cryptocurrency, Roomies Do you think this is a good move? !

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