Walmart Could Be Looking To Rival Facebook’s Libra With a USD-Pegged Stablecoin Issuance, Patent Filing Shows

0
8
Walmart Could Be Looking To Rival Facebook’s Libra With a USD-Pegged Stablecoin Issuance, Patent Filing Shows


The Almighty Buck

Walmart Could Be Looking To Rival Facebook’s Libra With a USD-Pegged Stablecoin Issuance, Patent Filing Shows (theblockcrypto.com)






Posted
by

msmash

from the how-about-that dept.

Retail giant Walmart could be working on issuing a fiat-backed digital currency, similar to Facebook’s Libra cryptocurrency, according to a new patent filing. From a report: The filing, published by the U.S. Patent and Trademark Office (USPTO) on Thursday, outlines a method for “generating one digital currency unit by tying the one digital currency unit to a regular currency,” meaning a fiat-pegged stablecoin. The blockchain-based digital currency “may be pegged to the US dollar,” the filing adds, and maybe available for use “only at selected

Read More

Leave a reply