Why Walmart and Amazon Are Reportedly Considering Their Own Crypto Stablecoins
Key Takeaways
- Walmart and Amazon are among retailers looking into launching their own stablecoins, according to reports.
- Accepting stablecoins as payments could get retailers out of paying interchange fees to credit card providers like Visa and Mastercard.
- The Senate is currently considering a bill that would establish a framework for private companies to issue stablecoins.
Walmart (WMT) and Amazon (AMZN) are reportedly exploring corporate stablecoins as a customer payment option. The move toward issuing their own cryptocurrencies could potentially reduce the billions of dollars the retail titans pay in credit transaction fees.
Stablecoins are a type of cryptocurrency directly pegged to another commodity, often the U.S. dollar….
