RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Cryptocurrency

Walmart to Venture into Metaverse, Fosters its Intention to Create its Own Cryptocurrency

Rate Captain by Rate Captain
January 18, 2022
in Cryptocurrency, Economics, Technology
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

CBN Issues Regulatory Guidelines for Open Banking in Nigeria to Ensure Financial Inclusion

Ghana begins the purchase of the Yellow Metal in a bid to strengthen its currency

Chicago Federal Reserve Bank Pushes Shallower Rate-hike Path

 American multinational retail corporation, Walmart, appears to be progressing into the metaverse space with its intention to fully create and own its cryptocurrency and nonfungible tokens (NFTs.).

Walmart, organized and filed a number of new trademarks a month ago which indicated its aspiration of selling virtual goods, which includes sporting items, personal care products and electronics. The company in the file also distinctly stated that it would offer a virtual currency (NFT’s).

The U.S patent and Trademark Office in which Walmart filed its application stated that on Dec 30, A total of seven separate application has been submitted.

Statement from Walmart  “it is continuously exploring how emerging technologies may shape future shopping experiences.”

“We are testing new ideas all the time,” the company said. “Some ideas become products or services that make it to customers. And some we test, iterate, and learn from.”

“They’re super intense,” said Josh Gerben, a trademark attorney. “There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.”

Meanwhile, Frank Chaparro, director at crypto information services firm The Block revealed many retailers are still reeling from being late to e-commerce, so they don’t want to miss out on any opportunities in the metaverse.

 “I think it’s a win-win for any company in retail,” Chaparro said. “And even if it just turns out to be a fad there’s not a lot of reputation damage in just trying something weird out like giving some customers an NFT in a sweepstake, for instance.”

Previous Post

Countries that Adopt Bitcoin Early will be ‘Better Off.’-Report

Next Post

Has Inflation Rate Become Mere Numbers?

Related News

CBN Issues Regulatory Guidelines for Open Banking in Nigeria to Ensure Financial Inclusion

by Rate Captain
May 19, 2022
0

The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance...

Ghana begins the purchase of the Yellow Metal in a bid to strengthen its currency

Ghana begins the purchase of the Yellow Metal in a bid to strengthen its currency

by Rate Captain
May 19, 2022
0

Ghana has started the bulk purchase of the yellow metal-Gold, to raise the gold component of its reserves in a...

Chicago Federal Reserve Bank Pushes Shallower Rate-hike Path

Chicago Federal Reserve Bank Pushes Shallower Rate-hike Path

by Rate Captain
May 18, 2022
0

Chicago Federal Reserve Bank President Charles Evans said he supports moving to a shallower rate-hike path by July or September...

Experts predicts the death of Shiba Inu

Experts predicts the death of Shiba Inu

by Rate Captain
May 18, 2022
0

It’s a matter of when, not if, we’ll see the death of Shiba Inu, according to the majority of Finder’s...

Next Post

Has Inflation Rate Become Mere Numbers?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

MOMAN Debunks Rumor of Aviation Fuel Selling at N700 per Litre

Oil Marketers, Airlines reach loggerheads over local Aviation Price

May 20, 2022

Naira Depreciates at all Markets: Naira Hits N610/$1 at B2B Market

May 20, 2022

Popular Story

  • Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”

    Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.