Walmart is an American multinational company founded by Sam Walton in 1962 and headquartered in Bentonville, Arkansas. Walmart has over 11,000 stores and clubs in more than 20 countries. The company is currently operating in over 50 distinct names. The United States and Canada use the name Walmart while Mexico and Central America use the name Walmart de México y Centroamérica. The UK uses Asda; Japan uses the Seiyu Group and India uses Best Price. The company has other operations in Argentina, Chile and Brazil.
The company has begun to sell bitcoins in their store. The coins are made of chocolate and gold wrapper coated. While a bitcoin is equal to the US $7,369.01 at the time of this writing, Walmart is selling for a meagre price of US $1. These coins are nothing like the actual bitcoin. These candies don’t have a supply limit, the purchasing cost is stable, and it is not necessary to provide your KYC to purchase it. However, the chocolate bitcoins are not available currently for shipping or pickup.
For US $1, you can purchase six bitcoin candies at the store, at the Everyday Low Price banner. The Philadelphia, Pennsylvania based candy manufacturing company, Frankford Candy & Chocolate Company, delivers the chocolate bitcoins. Both companies did not explain why the reason for the bitcoin candy. However, commentators began to contemplate it as further evidence of Bitcoin’s entry into the mainstream consciousness.
Walmart enforced for another patent when the candy coins started showing up. The patent talks about the utilisation of cryptocurrency-supported technology. The documents were submitted to the US Patent and Trademark Office (USPTO).
It features a mechanised blockchain-based system for delivery of goods and services to customers. A report by news.bitcoin states that the system is supposed to authenticate each other automatically. The Systems, Devices, and Methods for In-Field Authenticating of Autonomous Robots patent depict an authorisation process that uses the information stored on the distributed ledger.
Walmart also acquired a patent, in June 2018, for a blockchain-based system to integrate medical records in it. The bitcoin candies are marketed towards the children and their families.
Walmart is arguably one of the largest companies in the world. The company failed in Germany and South Korea but were very profitable at UK, South America, and China.
According to the Fortune Global 500 list in 2018, Walmart is arguably one of the largest companies by revenue. On top of that, the company has over 2 million employees making it the world’s largest private employers. The company was the most prominent U.S. grocery retailer in 2016 based on the data by Walmart’s 2016 annual report.