Walmart May Start Accepting Bitcoins
So far it's just a rumor, but very good. Whether it's confirmed or not, we'll find out in May
Analysts say Walmart's investment in Bitcoin (NYSE: WMT) could set a precedent no worse than MicroStrategy and Tesla. The adoption of cryptocurrency and interest in it from retail and institutional investors will increase.
Let's understand why Walmart's BTC investments are so globally important to the crypto market:
- First, it is one of the world's largest companies. Its revenue is $548 billion.
- Secondly, btC transactions can be made with suppliers and customers. This will speed up remittances. Reduce the commission you have to pay for conversion. It will not be a problem to encourage customers and partners to use BTC for a company like Wal-Mart.
- Third, Walmart may start paying wages with Bitcoins. The company, which has 2.2 million registered people, has about $0.5 billion in salaries for employees.
Thus, it is not difficult to imagine all the prospects that the crypto market will get if Walmart gets closer to cryptocurrencies!
You can get more information, register and start trading on Huobi.
The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.