RE: Another Mega Tech Company Enters The Banking Realm
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Those of us who are around crypto for a number of years always felt that crypto would, eventually, do in the banks. It now appears that crypto coupled with a major corporation like Walmart is going to put a serious hurt on them.
We will see what Walmart unveils but I would expect it not to make the bankers feel warm and fuzzy.
It was just about time to move things forward. It's enough for one giant to join and lead the way, the others will follow. I remember your other post about Walmart investing in AI and robotics. This is all good news and the proof that it's time for change.
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I am not sure it is good new, it is news though.
We are just swapping one major type entity, the banks, for another, Walmart (and others). Going into the hands of major corporations is never a good thing.
It certainly appears to be bad news for the banks.
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