Suresh Kumar, Walmart’s Chief Technology Officer (CTO), sees cryptocurrencies as a “significant” area of disruption, especially in future payments for virtual and physical goods.
Kumar saidAt the Yahoo Finance All Markets Summit on Oct. 17, Walmart summed up Walmart’s positive stance on digital assets, noting that “crypto will become an integral part of the way customers transact” for physical and virtual goods.
Kumar also suggested that more clients will market through Metaverse and livestream on social media apps, and crypto could be a key payment option in this type of space.
“When you talk specifically about crypto, it’s about product discovery. whether physical or virtual and the way people transact.”
This may explain Walmart’s latest move into the Roblox Metaverse after it launched Walmart Land in late September. The company also hosts a number of virtual reality experiences such as games, DJ booths, and a Ferris wheel. At the same time, it offers a virtual product called “verch” for user avatars.
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