Retail giant, Walmart Inc., appliedto patent the usage of the digital coin which will be pegged to a traditionalfiat currency. This was meant to speed up transactions providing for cheaperand quicker transactions. Several loyalty features are planned with thisfeature. However, even if the patent is approved, it does not seem like Walmartwould be launching a coin similar to Facebook's proposed Libra.

Walmart has been ahead of manyothers in the process of adopting blockchain technology. They are alreadymaking use of blockchain to track products along their supply chain. Severalother companies are planning to issue digital coins instead of loyalty pointsin a way to facilitate transactions which are cheaper and faster than existingpayment systems.

Ripple's business is built on theprocess where financial institutions are provided with infrastructure tofacilitate currency trades and international payments. Ripple has been foreverreinstating the importance of a clear cut policy for the banks to be able tomake the best use of blockchain technology.

The centralization of Ripple'ssystem has led to several critics denying XRP to be a real cryptocurrency.Another reason being that Ripple has been maintaining control over asignificant share of XRP tokens. There is a clear difference between XRP andother high cap digital asset types. Ripple will benefit from a coherent anduniform set of rules, facilitating regulatory certainty across all of its jurisdictionsof operation, which govern the international transactions.

The FCA of UK has warned of significant dangers associated with the unregulated cryptocurrency market, including the Bitcoin. The Financial Conduct Authority (FCA) has to say that these cryptocurrencies do not have any core value. These tokens, according to the FCA, provides users with very less protection. The Authority further indicated that these unregulated tokens fall out of their own Authority.

Market integrity, fraud,manipulation, internal dealings, and volatility have increased major concernsabout these tokens. The naïve nature of investors is, particularly of concern.

In a class-action suit, Chase Bank,in its argument recently stated that cryptocurrencies are a kind of electroniccash and therefore "billing cryptocurrency purchases of its clients ascash advances" being correct.

Katherine Failla, U.S. DistrictJudge stated, cash is a government-issued currency according to argumentspresented by the customers per the customers and that their argument iscorrect. Therefore, cryptocurrency is not cash in the eyes of the law.