All anyone seems to be talking about these days is Libra, but that’s about to change.
Libra is just one change of many that is coming in a new wave of cryptocurrency innovations. Currency is going digital, and there’s a big mover in the market that’s about to take advantage of it.
Countries like China, Thailand, and Iran are in the midst of changing their laws and economic regulations to account for cryptocurrency and blockchain, and in the U.S. cryptocurrency and blockchain are taking off like never before.
There’s one company in particular that has recognized the potentially system-shattering effect that cryptocurrency can have, and it’s well on its way to taking advantage of that.
If you play your cards right, you can set yourself up for massive profits when this company takes its crypto-based plan to the next level.
As cryptocurrency moves more and more towards centerstage in the financial world, there has been a lot of controversy about what it means for the future of our economic system.
The U.S. government is pushing back hard against developments such as Libra, concerned that it will topple the strength of the U.S. monetary system. It’s outside their control, and so they consider it a threat.
And in this case, despite the greedy government turning up its nose, there are positive things coming out of the crypto system that have the potential to greatly benefit the way we view, record, and protect finances.
No matter what the government says or how hard they fight against libra and traditional crypto, they can’t deny one incredible thing that has come out of it all: blockchain.
Blockchain, as you may know, refers to a way of encoding and processing data without allowing it to be duplicated or stolen in the big void of cyberspace.
In other words, blockchain protects finances, and it has the potential to protect more than just that.
Just two weeks ago, the NBA announced plans for a blockchain plan that will allow fans to digitally share unique video, audio, and photo content via blockchain.
This announcement is just the latest in a long line of developments over the past year displaying just how essential blockchain is for digital security in all sectors.
One of the biggest players that is taking advantage of this is Walmart (WMT).
Now, Walmart has been in the news a lot this year, reporting record earnings and moving forward with innovative plans for package delivery. The company has even been considered a sizeable Amazon (AMZ) competitor!
In the traditional market, Walmart stock is up 32% already this year, and has recently broken through its previous rising trend.
Investors are looking at a healthy $2,754 payout for just 1,000 shares bought at the start of this year, and part of that impressive gain is due to Walmart’s forward-thinking business planning.
In January of this year, the company applied to patent a way to use a digital coin.
This digital coin won’t be traditional cryptocurrency though. Instead, it will be tied to a traditional fiat currency, making it much more likely to appease the government fearmongers.
But, if this coin will be attached to the U.S. dollar, you may be wondering what the point is.
Well, the primary benefit of transitioning to this blockchain-run way of transacting is that it will allow for cheaper, faster transactions and will give Walmart the opportunity to offer better loyalty features.
This patent, when approved, will run and record transactions on a traditional blockchain, which is described by Walmart as ‘a digital ledger’ to ensure the safety of customers as well as efficient and cost-effective sales.
When enacted, this new system will reward frequent shoppers with digital coins instead of loyalty points, which can be directly cashed in on future purchases.
In effect, this system will cut out the middle man, which, despite sounding frighteningly new, is actually great news for shoppers like us.
That’s because every time we shop, we have to pay processing and transaction fees. Especially when using credit cards, processing fees can have a baseline charge of as much as 4.5%, and that number can increase further in different buying sectors.
This is just another way that we are being screwed over by The System. There’s no way to pay for things without using a credit card or cash, and cash doesn’t get you the credit you need to survive in the current system.
But with Walmart’s new blockchain system, customers not only throw processing fees out the window, but they also get money back, making every digital transaction akin to gaining a bit of credit to your name.
Though this new system is still in the works, Walmart has a vision of the future that is making its traditional stock soar, and you can be sure that it’s going to mean big money for cryptocurrency investors in the future.
Thank you
Ditto, Ruma!
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