Walmart’s CTO Says Cryptocurrencies Simplify Interaction Between Buyers and Sellers

US retailer Walmart is not only interested in blockchain technologies, but also uses them to optimize business processes.

According to the company CTO Suresh Kumar, cryptocurrencies simplify the interaction between buyers and sellers in the online space.

With their help, buyers can make purchases both in social networks and in projects representing the metaverse. Moreover, with the help of Bitcoin and other digital currencies, buyers can purchase not only virtual, but also real goods.

Kumar has stressed that customers need to provide a variety of options for paying for goods and services. Cryptocurrencies complement the traditional financial system and reduce transaction costs.