Walmart Canada and VISA Showdown, Will Bitcoin Emerge as the Winner?
The Walmart chain in Canada has announced that it will not be accepting VISA powered credit cards at its outlets from next month. Whenever there is an issue regarding fiat currency, bitcoin is sure to have the last laugh. Bitcoin has been around for about 8 years as an alternative digital currency, which is perfectly capable of operating of ensuring transfer of value without the intervention of an organization or a government as the trusted third party. The decentralized, open source, peer to peer transaction protocol allows people who are part of the network to act as a third party to....
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Walmart Canada has decided to stop accepting Visa cards as it feels that the fees charged by Visa are too high. Can Bitcoin provide a viable alternative to high charging payment processors like Visa? Credit Cards – An Expensive Affair. Credit cards are popular among customers as they provide a convenient way to pay, at no additional cost. However, merchants who accept credit cards are charged up to 2.5% of the transaction value as fees. Merchants are also subject to chargebacks over disputed transactions, which eats into their profits. Strong duopoly controls the market. The payment....
When Bitcoin supporters praise their favorite currency, one of the great attributes everyone discusses is the network’s low fees, paling in comparison to the major credit card companies such as Mastercard and Visa. Now, with Walmart dropping support for Visa in Canadian stores due to high fees, bitcoin could have a chance to shine. Walmart and Many....
Walmart has entered the metaverse with the launch of Walmart Land and Walmart’s Universe of Play on Roblox. The metaverse gaming platform has 52.2 million daily active users and 11.3 billion engagement hours. “Our customers are spending loads of time there,” said a Walmart executive.
Walmart Entering the Metaverse
U.S. retail giant Walmart announced Monday the launch of “Walmart Land” and “Walmart’s Universe of Play” on the metaverse gaming platform Roblox.
The announcement explains that Walmart Land will....
Bank of Canada is seriously looking into blockchain technology. At the same time, the Canadian payment ecosystem is expected to see some changes in the coming months. Speaking of alternative currency and technology associated with it, the bank of Canada is looking into the use of blockchain technology seriously. The new came out recently after the Senior Deputy Governor of the Bank of Canada, Carolyn Wilkins mentioned that the central bank will be making use of the distributed ledger technology to test interbank payments. During the same session, Wilkins also made it clear that the country....
Retail giant Walmart says that bitcoin can now be purchased at 200 of its stores in the U.S. The cryptocurrency is offered through Coinstar kiosks located inside Walmart stores. Coinstar is currently offering bitcoin at more than 8,000 kiosks.
Buying Bitcoin at Walmart
Bitcoin can now be purchased at 200 Walmart stores in the U.S., the company reportedly said Thursday. This is part of a pilot program with Coinstar, which operates machines that allow customers to exchange U.S. coins for paper bills or gift cards. The pilot began earlier this month, according to Walmart....