The rivalry of Walmart and Amazon for the dominance of the retail sector may have spilled over to the blockchain arena with both companies throughout the years entered the space in varying degrees.
Back in 2016, in an effort to catch up with Amazon’s dominance in the online retail sector Walmart purchased Jet for $3.3 billion and later the next year purchased Flipkart for $16 billion Amazon’s biggest rival in e-commerce in India.
On the other hand, Amazon in 2017 purchase Whole Food Market for $13.7 billion in what many believe as a counter to Walmart’s encroachment into the online retail market. Amazon also opened Amazon Go to the public, a cashier-less convenience store which, according to an anonymous Amazon employee, the company plans to expand to over 300 locations.
While most investors seem to favor Amazon with a market capitalization of over $923 billion compared to Walmart’s $315 billion, recent news of Walmart tapping into cryptocurrencies might be the innovation needed for it to catch up to Amazon.
Headlines for the world of Cryptocurrencies - August 02, 2019
- CFTC Says LedgerX Physical Bitcoin Futures Not Yet Approved
- Business Registry In Malta Embraces Blockchain Technology
- NBA Taking A Shot On Blockchain Technology
- No Regulations Yet For Bitcoin And Ether In U.K.
- More People Searching For Bitcoin Than Stocks
Headlines for the world of Cryptocurrencies - August 01, 2019
- New Regulated Crypto Exchange In Middle East Opens
- Canaan Files IPO In U.S.
- Singapore Could Be The First Country To Embrace Bitcoin
- 22% Of Crypto holders In Europe Are Women
- U.S. Politicians Acknowledges The Power Of Bitcoin
Headlines for the world of Cryptocurrencies - July 31, 2019
- PundiX Integrates Samsung Wallet Into Their App
- US Military To Devleop Blockchain-Based Cybersecurity Shield
- Tethers Becomes Cryptocurrency Of Choice For Chinese Importers
- USDT Now Available on Liquid Network
- U.S. Senate’s Crypto Inquisition
