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Walmart plans to create its own cryptocurrency

Roommates added by so many companies Cryptocurrency As a payment method, Wal-Mart seems to be planning to take things to the next level! Huge retailers are planning to create their own collection of cryptocurrencies and non-fungible tokens (NFTs). Last month, retailers submitted several new trademarks to the United States Patent and Trademark Office indicating their intention to manufacture and sell virtual goods. CNBC..

Wal-Mart said in a statement that it is continually investigating how emerging technologies will shape the future shopping experience. The company continued. “We are constantly testing new ideas. Some ideas are products or services that reach our customers, and we also test, repeat, and learn from them.”

Other companies, such as Nike, are joining the wave of NFTs. Nike also reportedly filed several trademark applications in early November to preview plans to sell virtual brand sneakers and apparel. Later that month, the company announced that it would partner with Roblox to create an online world called Nikeland. Nike purchased the virtual sneaker company RTFKT (pronounced “artifact”) for a private amount in December.

In addition, Gap has also launched the NFT for its iconic logo sweatshirt. The California-based company said NFT prices range from approximately $ 8.30 to $ 415, and consumers receive a physical hoodie at the time of purchase. Trademark lawyer Josh Gerben states that the company is making this change to prepare for the Metaverse.

Attorney Garben said: These include many languages. This shows that there are many plans behind the scenes on how to deal with cryptocurrencies. It’s unclear when the changes will take effect, and if Wal-Mart allows customers to use other forms of cryptocurrencies, do roommates think this is a good move? !!

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Walmart plans to create its own cryptocurrency

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