Editor's PiCK
"Walmart·Amazon Consider Issuing Dollar-Pegged Stablecoins… Expected to Reduce Payment Fees"
Summary
- It has been reported that Walmart and Amazon are considering issuing their own stablecoins.
- The two companies stated that reducing payment fees and lowering reliance on financial networks are their main objectives.
- In addition to their own stablecoin approach, the two companies are reportedly also discussing options for external partnerships.
It has been reported that major U.S. retailers Walmart and Amazon are considering issuing their own stablecoins. The main objectives are to reduce payment fees and decrease reliance on financial networks.
On the 13th (local time), the crypto-focused media outlet CoinDesk, citing The Wall Street Journal (WSJ), reported that "Walmart and Amazon are reviewing the issuance of their own stablecoins," and added, "The two companies are exploring the possibility of building a digital payment system with the aim of lowering payment fees and reducing dependence on financial networks."
According to the media, the companies are said to be seeking ways to bypass existing card networks and, in particular, shorten overseas transaction times and reduce fees, through digital assets pegged to the U.S. dollar and other currencies.
Additionally, it is reported that besides issuing their own stablecoins, both companies are also considering partnership options with external stablecoin issuers.
The media outlet added, "The companies have not issued an official statement at this time."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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