Why is Walmart interested in crypto? - Crypto in Plain English - Episode 276 - by cryptohunt.it

Why is Walmart interested in crypto?

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English.

You’ll find very few large retailers even talk about crypto, let alone give customers the option to pay with it. That just changed this week, when Walmart’s Chief Technology officer alluded to a future where customers would be able to check out with crypto.

But why? Especially why Walmart, one of the largest American retail companies?

It helps to understand that Walmart is on an aggressive roadmap to go online with its business. They acquired innovative online store Jet.com a few years ago and have since built a sizeable and - if you ask us - impressive alternative to Amazon.

And the crypto connection makes sense too if you read between the lines. First, Walmart’s CEO sees a lot of disruption happening in the payments space - by which he means alternative ways to pay with digital currencies. Supporting crypto simply means reaching more wallets.

And this is where it gets a little crazy, but we suspect that Walmart will ultimately not want to miss the boat on selling digital items. Avid listeners of this podcast will remember that brands are already selling collectibles in virtual worlds for virtual money, for example through stores like Nike’s Nikeland inside of Roblox. It’s a small market today, but if it becomes mainstream, Walmart does not want to be unprepared.

Isn’t it interesting to look at the innovation of dinosaurs like Walmart? It might just tell us where the future may be going!

This podcast is produced by Cryptohunt.it the easiest place to learn crypto. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, Design is done by Carmen Rincon and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.