{"id":501678,"date":"2022-10-18T05:15:33","date_gmt":"2022-10-18T02:15:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/walmart-cto-says-crypto-will-become-a-major-payments-disruptor\/"},"modified":"2022-10-18T05:15:33","modified_gmt":"2022-10-18T02:15:33","slug":"walmart-cto-says-crypto-will-become-a-major-payments-disruptor","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/walmart-cto-says-crypto-will-become-a-major-payments-disruptor\/","title":{"rendered":"# Walmart CTO says crypto will become a &#8216;major&#8217; payments disruptor"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a387338a46d7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a387338a46d7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/walmart-cto-says-crypto-will-become-a-major-payments-disruptor\/#%E2%80%9D_Walmart_CTO_says_crypto_will_become_a_%E2%80%98major_payments_disruptor_%E2%80%9C\" >&#8221; Walmart CTO says crypto will become a &#8216;major&#8217; payments disruptor &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Walmart_CTO_says_crypto_will_become_a_%E2%80%98major_payments_disruptor_%E2%80%9C\"><\/span>&#8221; Walmart CTO says crypto will become a &#8216;major&#8217; payments disruptor &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNjkwOWNkMzYtOTAzOC00YjIwLWJlZTctNWEwYTgzNTJkMzQzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>Walmart\u2019s global chief <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> officer (CTO) Suresh Kumar has tipped cryptocurrency to become a &#8220;major&#8221; area of disruption, particularly in how customers pay for virtual and physical goods in the future.\u00a0<\/p>\n<p>Speaking at the Yahoo Finance All Markets Summit on Oct. 17, Kumar <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/video\/walmart-suresh-kumar-crypto-important-163919533.html\">outlined<\/a> Walmart\u2019s positive stance on digital assets, noting that \u201ccrypto will become an important part of how customers transact\u201d for both physical and virtual goods.<\/p>\n<p>\u201cI think that there are three major areas of disruption. Crypto falls in sort of the middle of it,\u201d he said, explaining that \u201cthe way in which customers are getting inspired and discovering products\u201d is changing. <\/p>\n<p>Kumar also suggested that a significant amount of customers will be marketed to through the Metaverse and live streams on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s, and that crypto could be an important payment option in these kinds of areas. <\/p>\n<blockquote><p>\u201cWhen you specifically talk about crypto, it is going to be about discovery of products, whether it is physical or virtual inside, either the Metaverse or upfront, and then how people transact.\u201d<\/p><\/blockquote>\n<p>Such may explain Walmart\u2019s recent foray into the Roblox Metaverse, launching Walmart Land in late September. The company is hosting a range of virtual experiences there such as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s, a DJ booth and Ferris wheel, while also offering virtual merchandise products called \u201cverch\u201d for users\u2019 avatars. <\/p>\n<p>NFTs and crypto are not integrated with the Roblox metaverse at this stage, however Walmart has previously indicated in patent filings from January that it could look to create digital currencies, tokens and NFTs in the Metaverse space sometime in the future. <\/p>\n<p>\u201cWe want to make sure that we make it as friction free for customers to be able to transact, and to be able to buy, and how they are able to derive value out of it. And that is where&#8211; I think a lot of the disruption is going to start happening in terms of different payment methods, different payment options,\u201d he said. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Facebook is on a quest to destroy the Metaverse and Web3<\/em><\/strong><\/p>\n<p>The multinational retail giant has been rumored to have been working on rolling out crypto payment support for a while, but so far only false alarms have arisen such as the fake deal with Litecoin (LTC) that was announced via a dubious press release from September last year. <\/p>\n<p>As it stands, there were around 200 Bitcoin (BTC) ATMs installed at Walmart stores across the U.S. in October 2021, with plans at the time to expand that number to 8,000 at an unspecified time in the future. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/walmart-cto-says-crypto-will-become-a-major-payments-disruptor\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Walmart CTO says crypto will become a &#8216;major&#8217; payments disruptor &#8220; Walmart\u2019s global chief technology officer (CTO) Suresh Kumar has tipped cryptocurrency to become a &#8220;major&#8221; area of disruption, particularly in how customers pay for virtual and physical goods in the future.\u00a0 Speaking at the Yahoo Finance All Markets Summit on Oct. 17, Kumar&#8230;<\/p>\n","protected":false},"author":1,"featured_media":501679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNjkwOWNkMzYtOTAzOC00YjIwLWJlZTctNWEwYTgzNTJkMzQzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[91498,74889,117,32332],"class_list":["post-501678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-metaverse","tag-payments","tag-business","tag-walmart"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=501678"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/501679"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=501678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=501678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=501678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}