$BTC Cryptocurrencies are no longer a marginal movement; they are quickly becoming mainstream. This week, two of the largest retailers in the world, Amazon and Walmart, made headlines as they consider issuing their own stablecoins. If successful, these moves could drastically transform the global payments landscape.
According to The Wall Street Journal, both companies are looking to reduce their dependence on traditional payment networks like Visa and Mastercard, whose high fees for merchants affect profits. By creating their own blockchain-based tokens, Amazon and Walmart could control their own transaction ecosystems.