Imagine paying for Walmart merchandise via a crypto wallet in the form of stablecoin issued by Walmart, which is wusd. Suppose you purchased $100. If you pay with a credit card, Walmart will lose about $2.50 in visa or Mastercard exchange fee. On the other hand, if you pay with WUSD, there will be no related fees, allowing Walmart to pay the savings to customers at a discount or lower price. Furthermore, the settlement is almost instantaneous, meaning Walmart will get the money right away and may start to generate interest on it.
How will you master WUSD? You may purchase through the Walmart app. To consumers, it looks like regular money or store credit stored on the app. But in the backend of the application, this will be a cryptocurrency for blockchain technology. Business case of this payment method: Save merchants and consumers in the form of reduced expenses.
Whether retailers like Walmart and Amazon follow this path depends largely on the fate of the Genius Act. If it passes the law, these companies will clearly design and implement stable paths. If it doesn’t pass the law, regulatory barriers, uncertainties and risks may force them to put any Stablecoin plans on hold for the time being.
Canadians can now buy XRP via ETF
Canadian ETF investors have more crypto ETFs to choose from. You can now buy and sell XRP’s spot ETFs, the fourth largest cryptocurrency with market cap through market cap.
Although Bitcoin is digital gold and Ethereum is a platform for decentralized applications, XRP is a utility token that provides fast, low-cost cross-border payments. Utility tokens are cryptocurrencies built for a specific purpose. Built by US-based Ripple Labs, XRP is not only a concept, but is actually used by some financial institutions as part of their cross-border payment services, such as remittance payments.
Here are some key information about the current XRP ETF traded on the Toronto Stock Exchange.
Encryption price fluctuations are common
Cryptocurrencies are speculative and highly volatile assets with great price fluctuations. Even stable people are not “safe” even if not fully supported by real-world assets.
Investing in Bitcoin and other crypto coins has significant market, technical and regulatory risks. Only if the cryptocurrency is aligned with your investment goals, timeframe and risk profile and be alert to crypto scams.
