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Honestly, who the fuck would buy into a crypto that is controlled by Walmart or Amazon?

Archive: https://archive.today/cszxv

From the post:

>Some of the biggest merchants are exploring how to issue or use stablecoins, potentially shifting the high volumes of cash and card transactions that they handle outside the traditional financial system and saving them billions of dollars in fees. Walmart, Amazon.com and other multinational giants have recently explored whether to issue their own stablecoins in the U.S., according to people familiar with the matter. Expedia Group and other large companies such as airlines have also discussed potential efforts to issue stablecoins, some of the people said.

Honestly, who the fuck would buy into a crypto that is controlled by Walmart or Amazon? Archive: https://archive.today/cszxv From the post: >>Some of the biggest merchants are exploring how to issue or use stablecoins, potentially shifting the high volumes of cash and card transactions that they handle outside the traditional financial system and saving them billions of dollars in fees. Walmart, Amazon.com and other multinational giants have recently explored whether to issue their own stablecoins in the U.S., according to people familiar with the matter. Expedia Group and other large companies such as airlines have also discussed potential efforts to issue stablecoins, some of the people said.

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[–] • 1 pt

You imagine the tax implications of using multiple coins to pay for things if every merchant had their own coin? You'd have to keep track of every spend of every coin of every merchant.

I had a USDC-linked card once. Wound up with 50 pages of transactions for a year (was a good cash back card as long as it lasted) and cancelled that thing the minute they stopped the good perks.

[–] • 1 pt

Walmart already tried to partner with a predatory bank/lender to only pay their employees in a company issued debit card that had "discounts" if you used it at walmart but charged you something like 35% if you tried to take it out as cash for anything else.

yeah. It's not good and they are just trying to do it again but with the modern twist of "Its crypto, its worth more!". Fuck you walmart.

Everyone should be boycotting them if they are not already. I have been for 20 years at least.

[–] • 1 pt

The company I work for uses a third-party payroll system, it has it's own "payroll card" - the company doesn't endorse it but it's there. Seems like everyone is trying to lock you into their system.

We already knew that, of course, but still. Boycott that shit. I don't think anyone in the company uses it, most don't even know it's there. Only reason I know about it is because the system has a good deposit management portal, and I use it to make sure what I own and what I pay come as close to $0 as possible.