Bitcoin, Dogecoin, and Shiba Inu cryptocurrencies may quickly have some new competitors from an unlikely supply: Walmart. That’s as a result of the big-box retail big could quickly have a new product to supply its thousands and thousands of loyal clients—its personal cryptocurrency.
As CNBC reports, Walmart filed a number of new trademarks final month that closely suggest the corporate has plans to get into the cryptocurrency recreation. On December 30, 2021, Walmart filed functions for a number of trademarks, two of which all however affirm the corporate is actively engaged on digital currencies and the metaverse.
As soon as software pertains to “monetary companies, specifically, offering a digital foreign money and a digital token of worth to be used by members on a web based neighborhood by way of a world laptop community” and one other to “downloadable software program to be used in managing portfolios of digital foreign money, digital foreign money, cryptocurrency, digital and blockchain belongings, digitized belongings, digital tokens, crypto tokens, and utility tokens: downloadable software program for digital pockets companies; downloadable e-wallets.” Along with the filings associated to launching its personal cryptocurrency, different filings present Walmart is investigating creating its personal NFTs.
In fact, this isn’t the primary time the corporate has tried to maneuver into the digital area past on-line purchasing. When MySpace was nonetheless one of many hottest issues in tech, Walmart launched its own ill-fated social media network called The Hub. It lasted for 10 weeks earlier than it was shut down.