Cryptos: How will they revolutionize the payment industry?

walmart is a American multinational retailer. She is very interested in cryptos and new digital technologies in general. Although it does not yet accept direct crypto payments, its customers can pay for their purchases in BTC, via Amazon gift cards available at Bitrefill.

At the heart of physical exchanges, on social networks and in the metaverse!

Cryptos will have a big impact on the future of finance and especially in the payment industry revolution. This is essentially what declared Suresh Kumar, global technical director at US retail giant, Walmart. It was Monday, when Mountain peak All Markets Summit, hosted by Yahoo Finance. He suggested that part of this revolution will take place both in physical transactions and in the metaverse.

“Cryptos will be one of the main areas of the payments revolution and will become an important part of how customers transact. Obviously, we want to be where the customer really needs us to be (…) Whether it is physical goods or virtual goods, cryptos will play a key role in meeting customer needs”, he said. Hence the remarkable efforts of the transnational in areas of the metaverse.

The essence of the intervention of Suresh Kumar.

Walmart is actively working to expand there, believing that together with social media platforms, they could boost the popularity of crypto. At the end of 2021, it registered several new brands there. Efforts that pave the way for America’s largest retailer to issue its own digital assets, including NFT.

As a reminder, Walmart’s foray into crypto took another step in September, when the company announced the launch of Walmart Land and Walmart’s Universe of Play. These are two online game worlds, developed on the Roblox platform.

Walmart executives say they are aware of the catalytic role of cryptos. For this, they are preparing to take better advantage of its advantages, both in physical exchanges and in the metaverse.

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