CTO von Walmart comments on the role of crypto disorders
CTO von Walmart comments on the role of crypto disorders
- Crypto is in the middle of the technological upheaval, said the CTO of Walmart
- Walmart previously submitted brand and patent applications to monetize the meta-verses
The Chief Technology Officer of the world's largest retailer believes that crypto is in three areas of technological upheavals: finding product, payment and delivery.
In a comment on the Yahoo Finance All Markets Summit on October 17, Suresh Kumar, CTO von Walmart, said that Walmart is very aware of the technological trends in the retail sector and the possible effects of Web3 on the purchasing behavior of customers in the future.
"I have already talked about how customers are inspired and discovered products - that changes - and part of it will happen in the meta verse," said Kumar.
The retail giant also plans to adapt to the customer demand for new payment rails, said Kumar.
"I think a large part of the disorders will take place in relation to various payment methods, various payment options ... Krypto will continue to play a very important role," said Kumar.
"Crypto will make transactions to an important part of the way in which customers do.
other Walmart connections to crypto
Walmart previously included members to his board, who also have connections to the crypto industry.
The leading independent director of the company, Tom Horton, who also sits on the board of blockchain.com, said in February to block works: "I see blockchain technologies as another large pioneer, similar to the Internet in its beginnings."
Sarah Friar came to the board of Walmart at in February 2018 and at the beginning of this year she became a board member of the industry giant Consensy, where she advises the company on web3 business models. She is also a former Chief Financial Officer from Square before the blockchain -oriented company was renamed Block.
Walmart is currently pursuing nonblox non-blockchain-like meta-severse experiences. The company registered 7 patents in connection with NFTS and the metaverse at the end of 2021.
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The contribution Walmart CTO weighs the role of the crypto disorder is no financial advice.