Sources familiar with the situation told WSJ that Walmart and Amazon are consulting and evaluating technological partners, as well as ways to release their own dollar stabblecoins, taking into account the normative requirements that are valid and planned in the future. In particular, Walmart lobbles the amendment to the Genius bill to enhance competition in the bank card sector, which can facilitate the introduction of stablecoins.
It is expected that the launch of its own crypto acts will allow Walmart and Amazon to minimize processing commissions that are charged for processing payments on bank cards and reach a number of dollars annually annually. In addition, retailers see in stabilcoins the ability to accelerate calculations, especially for cross -border payments, as well as reduce dependence on traditional payment systems such as Visa and Mastercard.
Earlier, the technical director of the American retail giant Walmart Suresh Kumar said that cryptocurrencies will become the basis of a technological breakthrough in ways to pay for virtual and physical goods.
Source: Bits
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