The Hustle Daily Show So...Walmart and Amazon might get their own crypto coins
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Jun 17, 2025 Walmart and Amazon are eyeing cryptocurrency with plans to launch their own stablecoins. This bold move could revolutionize transaction costs and change consumer habits in retail. Listeners will explore the potential benefits and regulatory challenges of this shift. Additionally, the podcast highlights WhatsApp's new advertising initiatives and a significant funding round for Coco Robotics, raising $80 million. It's a lively discussion on innovation and the future of commerce.
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Retailers Eye Stablecoins
- Walmart and Amazon consider issuing stablecoins to reduce costly card processing fees.
- Stablecoins could transform these retailers into banking-like entities with faster, cheaper payments.
Huge Cost Savings Potential
- Retailers spend $14 billion yearly on card fees; even 1% savings means $1 billion gain.
- Stablecoins could drastically cut these costs and boost retailer profits.
Stablecoins as Digital Gift Cards
- Retailers' stablecoins could act like digital gift cards, enabling instant, cross-border payments.
- Customers might see faster refunds and lower prices from cost savings.