- Walmart’s global chief technology officer has revealed Crypto’s role in the retail giant’s future. “Crypto will become an important part of how customers transact,” the executive said. “We want to make sure we do it frictionless so customers can transact.”
Executive Talks about Crypto in Walmart’s Future
Walmart’s Global Chief Technology Officer and Chief Development Officer Suresh Kumar discussed cryptocurrency at Yahoo Finance’s All Markets Summit on Tuesday.
Responding to a question about Crypto’s role in Walmart’s future, Kumar said, “I think there are three main areas of disruption. Crypto falls in the middle. I’ve talked before about how customers get inspired and discover products. That’s changing.”
He continued, “Part of that is going to happen in the Metaverse. Part of that is going to happen in live streams, within your social media app. So, whether it’s physical or virtual goods, they [crypto] play a role in terms of what the customer wants.” The Walmart executive opined:
“Crypto will become an important part of how customers transact. We want to make sure it’s friction-free so customers can transact and buy, and how they can get value from it.“
“And that’s where I think a lot of the disruption will start to happen in terms of different payment methods, different payment options,” he added. “The role of cryptography will continue to play a very important role in that. And obviously, we want to be where the customer needs us to be.”
“The last part is how the products are discovered, and how the products are delivered. A lot of disruption happening there,” Kumar noted, explaining:
“When talking specifically about cryptography, it will be about the discovery of products, whether physical or virtual inside, either the Metaverse or in advance, and then how people transact.“
Source: Bitcoin.com
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