Why Walmart’s Cryptocoin is Getting a Warmer Welcome than Facebook’s

Why Walmart’s Cryptocoin is Getting a Warmer Welcome than Facebook’s

August 8th, 2019   |   Payments Source

There are subtle differences in Walmart’s virtual currency project compared to Facebook’s Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

Walmart’s foray into crypto is still limited to a patent application, and remains secondary to Walmart’s increasing thirst for retail technology and budget to counter Amazon. But this strategy makes a virtual currency a natural fit.