Walmart is readying to venture into crypto and non-fungible tokens (NFTs)

Massive store chain Walmart has made several filings showing its plans to join the supermarket, launch its cryptocurrency and NFT.

Walmart is reportedly preparing to launch its cryptocurrency

After fake reports about Walmart and Litecoin last year, this time, the US retail giant has officially submitted documents to local regulators to enter the crypto and superspace.

As seen in the CNBC report, the Bentonville-headquartered retail behemoth filed with US authorities about its participation in the metaverse day at the end of December last year. Essentially, the company wants users to shop for electronics, home decor, personal care products, and just about anything at home by reviewing merchandise through the metaverse.

Walmart made seven separate applications, one of which wants the US Patent and Trademark Office to greenlight the firm to launch its cryptocurrency and take advantage of the rapidly growing popularity of the NFT space.

Last year, Walmart made this news after it was reported to adopt Litecoin for payments in its online stores. However, they turned out to be fake, which caused increased volatility in the crypto market. However, the company later added hundreds of Bitcoin ATMs across its US stores and said the number would likely go up to 8,000.

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