
The global retail giant, Walmart Inc., has announced the launch of a large-scale initiative to integrate digital asset management tools into its financial system. Using the OnePay mobile application, developed with the participation of specialists from Ribbit Capital, the company plans to provide its numerous users not only with payment options, but also with full access to the world of cryptocurrencies. Customers will have the opportunity to trade and store digital assets.
The technological side of the issue is provided by the Zerohash platform, which guarantees the security of all operations and compliance with the rules for working with digital assets. It is planned that all Walmart customers – which is more than 150 million people – will be able to use this opportunity and use cryptocurrency for purchases in the chain's stores.
According to the Wall Street Journal, Walmart, along with Amazon, is also exploring the possibility of creating its own stablecoins, digital currencies pegged to the dollar.
The introduction of cryptocurrency services at Walmart is a logical step in the development of payment systems in retail. This shows that digital assets are moving from the category of experiments to practical financial instruments accessible to everyone. This strategic move could seriously affect the payment methods in the industry and accelerate the adoption of blockchain technologies among ordinary consumers.