Walmart and Amazon are reportedly reviewing the release or approval of stablecoins in an action that can increase how billions of dollars are processed in consumer payments – and potentially bypass traditional banking infrastructure.
Both Amazon and Walmart have conducted internal discussions in recent months about starting their digital currencies or partnerships with existing Stablecoin providers, according to a report on the Wall Street Journal.
Sources told the magazine that Amazon’s discussions remain in the exploratory phase, with some ideas that focus on a owner’s currency to use in its online market.
Expedia, the online travel company that allows users to book flights, hotels, car rents, holiday packages and other services, has also potentially viewed by releasing its stable – as have airlines and other major fims, the newspaper reported.
Expedia and other companies are said to have considered either releasing their stablecoin or joining forces with third -party issues.
The goal is to reduce dependence on credit card networks such as VISA and MasterCard, which cost retail sellers per year in transaction and exchange rates.
Stablecoins are a type of cryptocurrency connected to a government -issued currency, most often the US dollar.
Unlike unstable signs such as Bitcoin or Etereum, Stablecoins are created to maintain a fixed value and are supported by cash or short -term US treasures.
They allow for immediate, low-cost transfers, making them particularly attractive to traders looking for faster solution and lower-tariffs in cross-border transactions.
Retail retailers have long explored alternatives to traditional payment systems. However, most efforts have fallen short. But the current impetus is gaining momentum thanks to the increase in Congress’s interest in regulating digital assets.
A draft law known as the Genius AKT, which would create a legal framework for the use of Stablecoin in the US, recently adopted a procedural vote and is advancing through Congress. The passage of legislation could open the door for traders to adopt stablecoins more aggressively.
Even if companies like Walmart and Amazon do not create their own signs, they are thinking of joining a consortium led by traders who would adopt an existing stablecoin platform. Such action can allow them to bypass traditional card rails without regulatory barriers to their currency construction.
A similar strategy is reported to be under consideration by some of the country’s largest banks, which are also exploring a stablecoin consortium, according to the newspaper.
Retail retailers say they are motivated not only from the perspective of lower tariffs, but also from the speed and flexibility stablecoins. Traditional credit card payments may take several days to solve, while Stablecoin transactions can be clear immediately – an advantage for global supply chain companies or large volumes of transactions.
Trade groups such as traders’ payment coalition have increased lobbying efforts to approve the genius act. They argue that a regulated stablecoin would present the necessary competition for a market dominated by Visa and MasterCard, leading to lower costs for businesses and consumers alike.
Still, skepticism remains. Critics warn of potential safety risks and regulatory uncertainty about stablecoins. According to the diary, Walmart has pressured a change in the genius act that would also present more competition in the wider market of credit cards.
Walmart has made no secret of his ambition to expand to financial services. Its Fintech unit has continuously increased, following previous efforts – including a failed offer in the 2000s to provide an industrial loan statute.
The post has requested comment from Amazon, Walmart and Expedia.
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