As one of the largest retail providers with nearly 12,000 stores in 28 countries around the world, Walmart Inc. eventually took root in the hottest investment trend, providing its loyal customers with an extraordinary opportunity to buy sweet and less volatile bitcoins for the "low daily price".
Since the beginning Bitcoin has struggled for mainstream adoption trying to replace the centralized fiat currency with an anti-tampering record of digital transactions, until today for the general public this is still just a dream to be pay for their daily grocery checks with innovative altcoins.
Meanwhile, the American sales giant Walmart brought Bitcoin into their stores in the form of chocolate candy instead of the long-awaited means of payment.
Some say it is a cruel absurd, but the fact is valid: Bitcoin milk chocolate wrapped in gold foil with yellow mesh ooded the Walmart shelves tagged with a fun $ 1 price tag per unit . Moreover, unlike the current Bitcoin, the price of these sweets does not fluctuate and it is useless to pass a large process of verification of the know-your-customer to buy some.
As a result, all aspiring Bitcoin investors have the chance to jump on a Bitcoin bandwagon candy, although it is a much less valuable and hopefully tasty investment.
On the other hand, Walmart could indeed have pursued good intentions giving Bitcoin such great visibility. The company is known for its vast interest in exploiting the blockchain, the technology behind cryptocurrencies like Bitcoin, in an effort to streamline its supply chain and beyond.
Walmart has already filed a number of patents related to the blockchain related to different applications of blockchain technology. The most recent patent registration with a system for "stand-alone electronic devices" or robots that can deliver parcels. The company believes that the robust blockchain technology is able to break the traditional supply chain with an immutable digital ledger.
In 2016, Walmart announced an initiative to improve food security using blockchain technology to provide better food traceability and consumer safety. The project was launched in collaboration with IBM and Tsinghua University. In June of this year, the retailer won a patent for a system of filing medical records on a blockchain.
In addition, Walmart has recently patented a system for planning deliveries or products purchased through their website. The patent provides for the use of blockchain-based delivery hubs that use the public ledger to track available and confidential units, and then distribute them for shipment based on a schedule. The technology could be coupled with another Walmart blockchain patent on temperature-controlled "smart packages" for perishable goods.
Certainly, the Bitcoins created by Frankford will help to raise public awareness about Bitcoin's cryptocurrency, thus increasing the possibility that more people will eventually have their interest in its technological and ideological foundations. At the same time, chocolate coins can only become the first step towards the adoption of Walmart cryptocurrency and very soon we will meet support for Bitcoin payments or even a Walmart currency itself.