The recent cryptocurrency craze and the growing interest in digital assets among the general population triggered a new wave of companies accepting cryptocurrencies as a form of payment. Perhaps, Tesla is the most prominent example of a major brand that embraced crypto payments. It is unclear whether the trend of well-established companies adopting digital assets is here to stay, but it is quite likely that we will see several new companies announcing their crypto plans in the near future. Walmart is the name which media frequently associate with crypto adoption. Although Walmart does not offer its clients the option of paying with crypto, some experts believe that the company may start doing it soon. Read this article and learn about the tricky Walmart-Bitcoin relationship and how to use Bitcoin at Walmart.
Key points:
Walmart is one of the biggest names in the retail industry.
The company does not feature crypto payments at the moment, yet there is a strong evidence of supporting crypto—Walmart might begin to accept crypto payments soon.
You can deploy a Bitcoin and altcoins payment gateway thanks to NOWPayments.
Walmart and Crypto
Walmart accepts Litecoin
Recently, the news about Walmart accepting Litecoin broke the Internet. The value of the cryptocurrency rose by 20% when a press release was published online that said that the retailer was partnering with Litecoin to bring crypto payments to its stores. Sadly, the announcement turned out to be fake. The company’s representatives later explained that introducing Litecoin payments was not part of their strategy and the press release was simply fraudulent. Although the whole situation was a significant disappointment for crypto investors around the world, there is still some hope.
Walmart hires a crypto expert.
Despite the fake press release, Walmart is, in fact, considering venturing into the crypto sphere. At least judging by the company’s recent job posting for the position of Digital Currency and Cryptocurrency Product Lead. Essentially, Walmart is looking for a person who would be able to design a strategy on how the company could approach crypto. According to the job description, the company wants to find a person who will be able to “identify crypto-related investments and partnerships.”
Will Walmart accept crypto?
Walmart’s use of blockchain
Walmart has already had experience with integrating blockchain technology in its operations. Several years ago, the company partnered with IBM to create a private blockchain system for controlling and managing the supply chain of the retailer. The results after the implementation of the technology showed that the blockchain had a positive effect on the performance of the company. This indicates that Walmart has staff familiar with the concept of blockchain and its basic principles.
The possibility of Walmart accepting crypto
Taking into consideration the previous experience of the company with blockchain and its recent job posting, it is possible to assume that Walmart is viewing and assessing the option of cryptocurrency payments. Walmart’s management understands that the crypto industry is rapidly developing and thus presents an ideal opportunity for the company. Featuring crypto payments would certainly yield Walmart a new source of competitive advantage. Therefore, it is pretty likely that the further growth of crypto will make Walmart take Bitcoin as a payment method.
How to pay at Walmart with crypto
Nevertheless, devoted crypto fans can already use Bitcoin at Walmart. We are speaking, of course, about gift cards. Today, there are numerous websites that let users get the right Bitcoin gift card Walmart accepts. For instance, Coinsbee offers Walmart gift cards from the United States, Canada, and China. Users also can choose the value of a gift card. Coinsbee features dozens of cryptocurrencies as a form of payment, including Litecoin and Dash.
Accept crypto as payment
If you own a company and want to start accepting cryptocurrencies before Walmart starts doing it, you can utilize NOWPayments’ solutions. Crypto invoices are a tool ideal for small businesses. Crypto invoices are reusable and contain all the essential payment details necessary for conducting a transaction. Brick-and-mortar stores can utilize a web-based Point-of-Sale terminal for issuing individual crypto invoices.
Stores deployed on PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware can accept crypto with a plugin.
Charities, bloggers, and Twitch streamers can accept donations with the help of widgets, buttons, and links.
Conclusion
Walmart is a big name in the retail industry. For now, the company does not feature crypto payments, yet there is evidence in support of the conjecture that it will begin doing it soon. NOWPayments offers its partners to deploy a Bitcoin payment gateway and outpace Walmart in the crypto race.
