Walmart and Amazon think about its encrypted currencies as a form of payment: What are their consequences

With the hypothesis of more comfort in customers and also reduces billions of dollars paid in commissions for credit card transactions, Wal Mart and Amazon They are planning this opportunity to issue Stablecoins Corportives as a payment method. Once these news exceeded, the first movements or the first consequences were imagined: the actions of both companies barely differ in the latest operations; That is from Visa 5 % fell and that MasterCard 4 %.

To put it in the context, Stablecoin is a kind of encrypted currency created to maintain a stable value, and is often linked to a credit currency such as US dollars or raw material like gold. Its main goal is to reduce fluctuations that usually distinguish other hidden things, such as Bitcoin.

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According to a report issued Wall Street Magazineand Amazon and Wal Mart They have already explored this possibility, as with Expedia (Expe) And other companies, such as some airlines. If this planning is completed and its Stablecoin is effectively launched as a payment method, it will move away from the traditional processes of banks and credit card suppliers. This means, for companies, the savings of the millionaire, think that the exchange commissions that pay Traditional banks Organic agriculture Cards like Visa or MasterCard Without imposing.

How can you start running stablecoins

To determine this adventure, not only the will of the company is required, but it requires a little more cushioning process. a lot Wal Mart and AmazonIn addition to any other company that intends to go to this aspect, you will need a specific support from the government.

he Senate He thinks about an invoice known as GeniusWhich will create a regulatory framework for special signatures to remove Stablecoins. Although this initiative in recent days has exceeded the initial procedural vote, there is still a full vote in both rooms Congress.

According to a famous American means, secrecy is imposed on the two companies concerned. Spokesman Wal Mart Choose silence and reject the opportunity to comment on this; Amazon He did not immediately respond to request comments from Investopedia.