Walmart, the largest US retailer, is supposedly developing its own digital currency. It is reported by The Block , referring to the new patent application of the company.

For example, in the application posted on the website of the United States Patent and Trademark Office, the application states the method of “generating one digital currency by linking it to a traditional currency”.

The document also states that a new blockchain-based coin may be pegged to the US dollar. Nevertheless, the application states that "in some cases, the value of a digital currency may be provided by other digital assets."

The new coin from Walmart is positioned as a potential free or low-cost tool for storing funds.

“Digital currency can provide a means to store funds without commissions or with minimal fees. Subsequently, they will be able to pay, for example, in retail stores and, if necessary, easily converted into cash. Such accounts can even help earn interest, ”the application says.

In addition, it is expected that digital currency can eliminate the need to use debit, credit cards or cash, and can also be used to purchase products.

Presumably the coin from Walmart can be used at points of certain retailers and other partners of the company.

Recall that last year Walmart patented the technology of the grid based on the blockchain, which will be able to limit the supply of electricity and pay for it with cryptocurrency.

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