Amazon Wall Mart may issue their own company

Retail traders such as Amazon and Walmart pay credit card companies fees every time the customer uses their visas or MasterCard. It is no secret that retailers are not satisfied with this disposal change. But thanks to the appearance of digital funds, these retailers are said to have to stay away from major banks. In fact, they may issue even their Stablecoins, according to a new report from Wall Street Journal.

Amazon’s efforts to develop Stablecoin in the “Early Phases”, according to the magazine, and there are many questions that must be solved. According to what was reported, there were discussions to use the external Stablecoins to settle transactions, but there is also a possibility that the giant online can develop it.

The possibility of developing your Stablecoin has two sides. For beginners: it is very easy. Anyone can earn their fake digital money these days. The other aspect is that you have to maintain large financial reserves for this “stable” position in this Stablecoin name. Stablecoins is usually linked to dollars, and in theory, who is issued that stablecoin holds a dollar or the dollar equivalent to each stablecoin they export it.

But you can see how this dice gets quickly. If “Depegs” is no longer, which means that one of your currencies is not equal to one dollar in the American currency, and people start selling it for less than it deserves, and the entire cards house collapses. And you can see where it does. You are close to working. This, of course, is the reason that the organizers will be another obstacle to any plans for a large company like Amazon for its STABLECOIN version. The magazine indicates that the possibility of retailers such as Amazon will probably depend on whether the alleged genius law passes through Congress, which would create a regulatory framework for Stablecoins.

Facebook played the idea of ​​issuing his cryptocurrency Once again in 2019. The CEO of the CEO Mark Zuckerberg called it, but people have begun to contact the fake money. Facebook even established a completely new entity called Calibra to oversee the project. But after recovering the retreat from the legislators, things began to advance to the project. The American Parliament Committee for Financial Services and the Senate Banking Committee held listening sessions DeemThe Facebook project has been beaten by critics as fraud to allow the social media to print money. It did not work, and Facebook gave up the project.

But no one knows what will happen if a company like Amazon or Walmart Stablecoin starts today. It is a completely new organizational environment, at the very least. President Trump has appointed David Sachs as the first “Caesar Caesar”, and Trump himself has an encrypted currency that added billions of dollars to the net net of his family. If there is a time for the ambitious large retail stores to try it, it will really be.

Amazon nor Walmart did not answer the e -mail questions on Friday. Gizmodo will update this post if we hear.