Walmart could be planning to issue a fiat-backed digital currency similar to Facebook’s Libra
Retailing giant Walmart could be working on issuing a fiat-backed digital currency, similar to Facebook’s Libra cryptocurrency, according to a new patent filing. Published on Thursday, the filing 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 retailors or partners.”
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