Walmart has filed a flurry of trademark applications that reveal the retail giant is seriously looking into cryptocurrencies and non-fungible tokens 🚨
A trademark application does not guarantee that a company will use it, but does provide precious insight into its thinking. Remaining tight lipped in a statement, a spokesperson said:
"Walmart is continuously exploring how emerging technologies may shape future shopping experiences. We don't have anything further to share today, but it's worth noting we routinely file trademark applications as part of the innovation process.". Because of this, any concerted push into the world of cryptocurrencies would be major news to say the least.
So far, the company's experimentation has mainly been restricted to blockchain technology — enhancing its supply chain and ensuring that food deliveries can be tracked at every stage. This is seen as a compelling safety measure because of how the blockchain can speed up recalls when something goes wrong.
Walmart did announce that its customers will be able to purchase Bitcoin at 200 Coinstar kiosks as part of a trial. But given how the retail giant has 4,743 stores in the U.S. alone, this isn't a big commitment.fell victim to a hoax last yearA bogus press release had declared that the company was going to accept Litecoin as a payment method. The story was broken by a number of mainstream news outlets and retweeted by the Litecoin Foundation itself, but was quickly debunked.
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