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Walmart plans to offer cryptocurrencies, non-fungible token

17.01.2022

Walmart plans to offer cryptocurrencies and non-fungible token, or NFTs, in a new filing with the U.S. Patent and Trademark Office.

A Dec. 30 filing, outlined by Walmart Connect, outlines a financial transaction service involving cryptocurrencies, non-fungible token, or NFTs, and a technology that will be used by members of an online community via a global computer network.

A spokesman for Walmart told FOX Business that they were constantly exploring how emerging technologies could shape future shopping experiences. We don't have anything more to share today, but it's worth noting that we routinely file trademark applications as part of the innovation process. In August, Walmart posted a job posting asking for a digital currency and a criptocurrency product lead. A month later, the retailer fell victim to a fake press release which stated it would offer a new payment option using Litecoin.

In October, the company launched a pilot program in cooperation with Coinstar and CoinMe, which allowed customers to purchase Bitcoin at 200 ATMs in its stores across the United States.

Two separate applications titled Verse to Store Verse to Curb and Verse to Home reveal plans for door-to- door shopping services and online ordering, while another application seeks trademarks for the Walmart name and fireworks logo for health-care services and education in virtual and augmented reality.

CNBC was the first to report the patent filings.