👉 What's new in crypto? Check out the TOP NEWS from 08/07/2019! 📰 [CDF #18]

in #crypto5 years ago

It's time for a short review of one of today's most important news from the crypto-world! 🔝

👉 Walmart is considering the emission of his own stablecoin!


Walmart is thinking about releasing a digital currency supported by a fictional currency similar to Facebook's Libra, according to a new patent application.

According to the application filed with the US Patent and Trademark Office, the company defines a framework for "generating one unit of digital currency by linking one unit of digital currency to the regular currency". In short, it will be a stablecoin. It turned out that a digital currency "may be tied to the US dollar" and may be available "only from selected retailers or partners".

The proposal suggests that the Walmart currency is to serve low-income households with the option of 'dealing with finances through an institution that is able to meet most of their daily financial and product needs'. It aims to provide free or minimum-fee storage space for assets that can be spent, for example, by retailers and, if necessary, easily converted into cash.


Sources I use: cointelegraph.com, coinmarketcap.com, coindesk.com, twitter.com, facebook.com, cryptonews.com, cryptoradar.org, bittrex.com

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