Crypto Chaos: Amazon & Walmart’s Secret Plan 🤑

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Oh dear heavens, can it be? The mighty Amazon and the illustrious Walmart, those behemoths of commerce, are contemplating the issuance of their very own cryptocurrencies, backed by the almighty dollar, no less! 🤯

According to the venerable Wall Street Journal, this ingenious plan would allow these American merchant powerhouses to eschew the traditional payment systems, thereby saving a king’s ransom in fees. A veritable fortune, I assure you! 💸

Alas, dear reader, these plans are still in the embryonic stages, a mere twinkle in the eye of the corporate giants. Yet, they portend a most singular development: the mainstream acceptance of cryptocurrency! 🚀

And lo, they are not alone in this pursuit! Apple, Airbnb, and a host of other tech titans are also exploring the realm of corporate stablecoins. The traditional financial institutions, those bastions of conservatism, such as Bank of America and Fidelity, are also preparing to join the fray. 🤝

This sudden interest in cryptocurrency is no doubt spurred by the remarkable growth of the stablecoin sector, coupled with a regulatory environment that is rapidly becoming more… well, let us say, “enlightened”. 😏

And, as if fate itself were smiling upon this endeavour, the GENIUS Act, that most noble of legislative efforts, has advanced in the US Senate, with a final vote scheduled for June 17. Ah, the suspense is killing me! 🤔

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2025-06-13 13:00