Cryptocurrencies
Walmart Seeks to Patent a Way for Using Digital Cryptocurrency
- Spokesman says there are no immediate plans for the patent
- Retailer already uses blockchain in its supplier network
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Walmart Inc. appears be pondering whether to test waters in the world of cryptocurrencies, following the steps of Facebook Inc.
The retailing giant applied to patent a way to use a digital coin tied to a traditional fiat currency, which could allow for cheaper and faster transactions as well as loyalty features, according to a filing published Aug. 1 by the U.S. Patent and Trademark Office.