Walmart (NYSE: WMT) has applied for a cryptocurrency patent that has striking similarities to Facebook’s own Libra cryptocurrency. In the patent, Walmart thus the concept of a digital currency that has its ties placed with a regular currency, otherwise known as a stablecoin. Walmart stated, “Using a digital currency, low-income households that find banking expensive, may have an alternative way to handle wealth at an institution that can supply the majority of their day-to-day financial and product needs.” Walmart hopes that, by adding a “Walmart Coin” as an option for payment, may benefit some of its shoppers who opt to avoid using expensive brick and mortar banking services, among benefitting other users of the cryptocurrency.
Here are 5 cryptocurrencies that are in the news right now. Neo (NEO) is an open source project that utilized blockchain technology and digital identities to digitize assets. The stock price at time of publication was $11.83 Monero (XMR) is a type of cryptocurrency that focuses on private and censorship-related transactions. It uses ring signature cryptography to reduce the amount of information used in cryptocurrency transactions. The stock price at time of publication was $82.27 Bitcoin (BTC): Bitcoin was the first majorly traded cryptocurrency stock and has prices surge into the tens of thousands. The stock price at time of publication was $10,043.60 Binance (BNB): Binance is a digital currency issued by the cryptocurrency exchange, Binance. It is based on the Ethereum blockchain and is similar to Ether. The stock price at time of publication was $27.65 Ethereum (ETH): Ethereum is a global, open-source platform for decentralized applications, enabling code writing that controls digital value. The stock price at time of publication was 217.04.