Some days ago, there was a fake news about Litecoin being accepted at Walmart. Later, it was declared that it was untrue.`
Recently, there news doing the rounds are about Walmart quietly preparing to enter the metaverse. There are also statements made by believers that Walmart will be coming up with its own collection of NFTs. Walmart has filed for several new trademarks to sell virtual goods. This means NFTs associated with real physical goods are a possibility. It just looks like they will be offering virtual currencies and NFTs – thus making the best use of emerging technologies to shape future shopping experiences.
Walmart are testing new ideas all the time. Lot of planning is going on behind the scenes and about how they will be using cryptocurrency in the metaverse. Since NFTs, are very common in the Ethereum blockchain, some opine that Walmart might announce Ethereum.
Altcoin Daily Shared: Buy Ethereum before Walmart announces it.
Community Response: Will I be paying $50 for my groceries and $100 for fees, if Walmart will accept ETH.
Exactly.
No ETH is not exactly for it. It is more secure than any other ecosystem like SOL. Most, and all DEFI of financial institutions will be on ETH not on SOL. So, they will not look at ETH gas fee, but security. How many attacks on SOL recently? That is a matter of security, not about fee.
Walmart is trying to enter the Metaverse with Crypto and NFTs. There’s no sure information on whether it’ll be built on ETH or another layer 1 protocol. Walmart will either partner with other blockchain or create its own. The most important thing is they create an amazing product.
Gas fees will come down eventually and ETH is tried and truly battle-tested. I can definitely see Walmart thinking long-term and going with ETH and may be others – like a VET for supply chain reasons but ETH for NFT and other reasons.
“Eventually” pretty vague timeline. The truth is ETH is too expensive to use for the majority of the people and the fact that there are no details to say when things are going to happen, makes me think they are happy to trail people along and they don’t care what people are paying in gas fees.
With the majority of people being concerned over gas fees that is probably not a good idea. They could go on some $MOVR or $KSM or $DOT or $AZERO vibes. Anticipating the future.
I think Walmart will partner with VET way before partnering with ETH. There was some kind of inclination towards that in August of last year.
When I don’t have to spend 200$ to move 40$ worth of a coin I will happily do it.
Walmart, already works with VET, this logic doesn’t make sense. VET is the prime target since it’s used in Walmart China already. ETH gas fees are too high for the average day consumer.
Not just VET. Walmart (not Walmart China like in the VET case) has a partnership with TRAC, which is a far better choice in the NFT world. So probably one of these…
it isn’t until bearish times I notice how terrible most crypto “influencers” are.
Just the opposite for me. Selling ETH and buying ecosystem projects on other chains. Don’t trust ETH will ever scale.
NFTs on ETH are unusable with current gas prices. This may be TRAC or VET. Both have partnerships with Walmart already.
Imagine investing in a product before Walmart pushes it. Defi a strategy for success if you ask me.
I won’t interact with ETH due to the extortionate gas fees! Why are people still paying them? I just don’t get it. I like HIVE & SPS.
Gas fees are too high. I found a utility on ETH. I used it as Silver the 2nd store of value. Let the ETH Maxi get RECKT with the gas fee.
You could buy almost any other layer 1 and it will outperform ETH. I’d rather spend my USDT on BTCC or any altcoin, don’t like ETH much because of their high fees.
Why would Walmart let people buy their $25 groceries and make them pay $100 in fees?
ETH is broken, even after its Proof of Stake fork – fees will remain too high. I buy retail.
Not going to happen. ETH has had its day and 2.0 won’t save it. Especially since gas fees will stay.
Unless Walmart is adding on gas stations to help cover ETH gas fees then won’t be happening.
This is misleading information. Nobody knows what Walmart is going to do.
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