After the fake reports… “Walmart” submits official documents to the organizers to enter the crypto space and “metaverse”
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Answer After the fake reports… “Walmart” submits official documents to the organizers to enter the crypto space and “metaverse”
In the past months, an unofficial and false news spread about the partnership of “Walmart” and “Litecoin”, at that time the LTC currency flew high and then fell to its lowest level after confirming that the news was false.
But it seems that it is true this time for Walmart, but not with Litecoin, as it actually intends to enter the crypto market in general and the world of “metaverse” where it submitted regulatory documents to the relevant authorities in late December last year, according to a CNBC report.
Essentially, the company wants to allow its users to shop for electronics, home décor, personal care products and everything from home and by reviewing merchandise across the metaverse.
Read:What is the BurgerSwap Decentralized Finance Project built on the Binance Blockchain?
Walmart has introduced seven separate applications, one of which wants the US Patent and Trademark Office to give the company the green light to launch its cryptocurrency and take advantage of the rapid spread in the popular NFT space.
Josh Ghorban, a trademark attorney, referred to Walmart licensing attempts as being too intense, stating:
There are a lot of indications, indicating that there is a lot of planning going on behind the scenes about how to deal with cryptocurrency, how the company will deal with the “metaverse” and the virtual world that seems to be coming or is really there.
Ghorban outlined Facebook’s decision to rebrand to “Meta” as the catalyst that started a huge wave led by companies that are moving and accelerating to engage in the new virtual world.
Read:Leaking the data of one million users of “Ledger” for digital wallets … details here
It is worth noting that Walmart has added hundreds of Bitcoin ATMs across its US stores and said the number is likely to rise to 8,000.
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