Quote from: CryptoBry on October 17, 2019, 11:06:03 AM

Quote from: DavidMott on August 08, 2019, 06:57:55 PM

So, looks like Walmart are joining the token market. Keen to know your opinions on how this will impact Bitcoin and the Cryptocurrency e-commerce space?

People have a divided opinion on the entrance of giant companies to cryptocurrency by issuing their own centralized coin taking advantage of their own captured market just like what Walmart and Facebook are doing. Both of these projects are looking at the remittance market and the millions who are regularly on traffic to their own private infrastructure. In the case of Walmart, they can easily use their own coins for their hundreds different stores and this is a huge market...the same thing with Facebook.

I still have to hear any news of any regulator questioning the intent of Walmart and can be because the project has not been that activated in the eyes of the public. Is this still in its infancy? Or is already on the stage the same as Libra is now?

Concern that a project like this can disrupt the traditional banking and finance system, we have to make sure that parameters and safeguards are in place. The only big concern here is that this is not a decentralized platform unlike Bitcoin. This is the reason why I myself is not on full support of this initiative though it is exciting to see blockchain and cryptocurrency now being recognized by many businesses.

I agree on you with this one because the other effect of this movement could bring more awareness for Bitcoin although these large companies are creating their own stablecoins but I'm wondering that if Facebook and Walmart passed from the regulators, does it mean that Bitcoin will passed too?