Walmart Now Selling Bitcoin Mining Tools
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According to a Bitcoin Magazine report on Thursday, it appears that Walmart, an American global retail organization, is now selling a variety of items related to Bitcoin (BTC), including Bitmain ASIC-based Bitcoin mining equipment.
They appear to only sell the $6,000 Bitmain Antminer S19J Pro, which was introduced in November last year, as their most expensive Bitcoin mining product.
Walmart Offering Bitcoin, Dogecoin, and Litecoin Mining Tools
Regarding other cryptocurrencies, Walmart is offering the Bitmain Antminer L7 (introduced in February 2022) for $14,600, which may be used to mine Scrypt-based coins like Litecoin and Dogecoin.
At Yahoo Finance’s All Markets Summit on October 17, 2022, Suresh Kumar, the CTO of Walmart, the world’s largest retailer by revenue, discussed his views on cryptocurrencies.
Concerning the future of cryptocurrency at Walmart, Kumar stated: “I think that there are three major areas of disruption. Crypto falls in sort of the middle of it. I have talked before about the way in which customers are getting inspired and discovering products. That is changing.” He added:
“Crypto will become an important part of how customers transact. We want to make sure that we make it as friction-free for customers to be able to transact and to be able to buy, and how they are able to derive value out of it. And that is where– I think a lot of the disruption is going to start happening in terms of different payment methods, different payment options.”
Walmart “appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, or NFTs,” according to a January 16 CNBC story.
The CNBC report continued:
“The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods, and personal care products. In a separate filing, Walmart said it would offer users a virtual currency, as well as NFTs. According to the U.S. Patent and Trademark Office, Walmart filed the applications on December 30. In total, seven separate applications have been submitted.”
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