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Amazon and Walmart Explore Stablecoin Launches to Disrupt Payment Systems
Amazon and Walmart Explore Stablecoin Launches to Disrupt Payment Systems
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Retail behemoths Amazon and Walmart are quietly advancing plans to issue proprietary stablecoins, according to sources familiar with the matter. The Wall Street Journal reports both companies aim to bypass traditional payment rails, potentially saving billions in transaction fees annually.
This strategic move builds on years of groundwork. Walmart''s 2019 ''bank the unbanked'' financial services initiative and Amazon''s Web3 gaming credits signal deepening crypto ambitions. Patent filings suggest a covert race to become the first major US retailer with a functional stablecoin ecosystem.
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