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?
Walmart coin is similar to Libra coin which facebook have. The Walmart coin will not have much impact on cryptocurrency market since walmart coin can only be used to purchase things on wilmart. One of its primary purpose is to make online shopping more convenient to shoppers and while using walmart coin a loyalty award in form of coins will enter into their wallet.
In this regard, if wallmart coin will use the blockchain technology, and technically they can still buy wallmart coin using cryptocurrency. If that is so, it can affect the cryptospace holistically, their market volume are connected in such a way that we should also consider when making decisions. Walmart coin might just be used inside, but if its value increases, traders might also make profits out of it.