Amazon & Walmart Explore Stablecoin Launch for Faster Payments

Retail giants Amazon and Walmart are exploring the creation of their own U.S. dollar-pegged stablecoins, a move that could revolutionize payment systems and reduce reliance on traditional banking networks. Sources indicate both companies are considering internal discussions to launch these digital currencies tailored specifically for their massive customer bases or partnering with existing stablecoin providers. 💰 📈 📚 💸 This initiative is primarily driven by the billions of dollars in transaction fees lost annually to credit card networks like Visa and Mastercard, a challenge they aim to address through faster, cheaper transactions using blockchain technology.