Walmart Will Launch Its Own Crypto And NFT Collection

Walmart will launch its own cryptocurrency and an NFT collection while preparing to enter into the Metaverse, according to the documents filed with the US Patent and Trademark Office last month. Walmart is preparing to create its own collection of crypto and NFTs so let’s find out more about it in today’s crypto news.

Walmart filed seven applications along with a few trademark applications, three of which belonged to Walmart Connect which indicates the intention to manufacture and sell virtual goods like electronics, toys, sporting goods, and personal care products.

In a statemetn issued, we can see that Walmart is exploring how emerging technologies could shape future shopping experiences:

“We are testing new ideas all the time. Some ideas become products or services that make it to customers. And some we test, iterate, and learn from.”

Walmart has been exploring its capabilities in the crypto space and the retail giant of the US even posted a job posting about hiring a leader for crypto and digital products. Walmart will launch its own cryptocurrency and said customers in some US stores can purchase products by using a BTC ATM machine installed by Coinstar. Nike for example also filed a series of trademark applications and it previews the plans to sell virtual branded sneakers and apparel.

The NFT platform RTFKT Studios also integrates reality into Fashion and games and announced on its Twitter profile that it has been acquired by Nike.

As recently reported, The American multinational retail corporation will start allowing customers to purchase BTC using ATMs installed on some of its US Shops and the initiative became possible after a new collaboration between the retail giant Coinme and Coinstar. Walmart’s name got involved with crypto in the past but a few months ago it got involved in a fake story with Litecoin for an alleged partnership that supposedly enabled clients to make payments with crypto. While the rumors caused quite the enthusiasm in the digital asset sector, they turned out to be fake and the market went south.

However now, reports from Bloomberg show that the company really joined forces with Coinstar that is known for its machines and can exchange physical coins for cash. The latter provided 200 Bitcoin ATMs in Walmart across the USA while the broader plan is to bring this number of machines to 8000.
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