Search Results for: Walmart

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra. The proposed coin’s objective aims to provide finance for those with limited access to banking services similar to Facebook’s intention for introducing Libra. The patent filing number 20190236564 “System and Method for Digital Currency via Blockchain,” was … Continue reading Walmart Files Patent Introducing Its Own Digital Currency

Walmart Files Patent Application for Blockchain-Based Drone Communications

The American commerce giant Walmart filed for a patentapplication for a drone communication system entitled “Cloning Drones Using Blockchain” in January 2019. The United States Patent and Trademark Office published the patent on August 1.   Blockchain technology is utilized to transmit information such as drone identification numbers, flight speeds, flight routes to other drones.    The filing outlines a system … Continue reading Walmart Files Patent Application for Blockchain-Based Drone Communications

Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up

Walmart Canada has teamed up with DLT Labs for its blockchain-driven freight and payment network that is touted to be the world’s most prominent full production blockchain solution for any sector application.  The new network will utilize distributed ledger technology to automate payments and reconciliation, authenticate transactions, and trail deliveries between Walmart Canada and the … Continue reading Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up

China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

China appears to be on edge regarding Oracle and Walmart’s deal with parent company ByteDance for TikTok’s US operations, calling it an “unfair” deal. China is outraged by US’ TikTok demands In addition, it appears that there are divided beliefs regarding what the TikTok deal entailed. While President Trump had said that the Oracle deal … Continue reading China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

Walmart Hires Digital Currency and Cryptocurrency Product Lead

The multinational retail giant in the United States, Walmart, hires the leader for cryptocurrency and digital products. According to the official recruitment information, Walmart aims to find talent with more than ten years of experience in product or project management and technology commercialisation and a specific in-depth understanding of cryptocurrency and related technologies. As the … Continue reading Walmart Hires Digital Currency and Cryptocurrency Product Lead

Walmart Clarifies False report, Not Accepting any Litecoin for Payment

Retailer Walmart issued a press release on Monday, September 13, to clarify a false report about its previous announcement of a partnership with Litecoin (LTC), stating that the company has no relationship with Litecoin. The clarification was released on the same day after a fake press release issued by GlobeNewswire. This false press release indicated that Walmart … Continue reading Walmart Clarifies False report, Not Accepting any Litecoin for Payment

Walmart Installing Bitcoin ATMs in its Retail Stores

Walmart Inc, the world’s largest retailer, announced on Thursday, October 21, that customers at some of its U.S. stores will be able to buy Bitcoin using ATMs installed by Coinstar.   Walmart stated that it has begun a pilot program where consumers can purchase Bitcoin as Coinstar kiosks in some of its U.S. stores. Molly Blakeman, … Continue reading Walmart Installing Bitcoin ATMs in its Retail Stores

Walmart to Launch its own Crypto and Collection of NFT

Well-known U.S. retailer Walmart appears to be laying the groundwork for its foray into the Metaverse, documents filed shown with the U.S. Patent and Trademark Office late last month, showing that Walmart is preparing to create its own collection of cryptocurrencies and non-fungible tokens. Walmart filed a total of seven applications on December 30, along … Continue reading Walmart to Launch its own Crypto and Collection of NFT

Pudgy Penguins Expands Retail Presence with New Toys in Walmart Stores

Nationwide Expansion Pudgy Penguins, known for its digital NFT collection, is scaling up its retail footprint with an expanded toy collection available in Walmart, the major U.S. retail chain. As of February 20, 2024, Pudgy Penguins has announced that its line of Pudgy Toys will be stocked in an additional 1,100 Walmart stores, making the … Continue reading Pudgy Penguins Expands Retail Presence with New Toys in Walmart Stores

China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency. In July, former PBoC governor Zhou Xiaochuan warned that China must take precautions against Libra and must compete against them. The PBoC started to research on digital currencies as Bitcoin became increasingly popular.   Huawei’s CEO Responds to … Continue reading China’s Central Bank Accelerates R&D of its Legal Digital Currency

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