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Bitcoin: Walmart Begins Selling Bitcoin Candy Coins

Walmart is selling these Bitcoins
for the “everyday low price” of $1

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Tony Spilotro - NewsBTC - Tue Sep 4, 2:45PM CDT


Arkansas-headquartered retail giant Walmart,

among one of the largest retail chains
in the United States and the world,
has started selling Bitcoins on their retail shelves.

However,
these Bitcoins are made of chocolate
and coated in a gold foil wrapper.

Bitcoin Candy

Keen-eyed Redditor u/The Kayle Main
snapped a photo of a local Walmart
stocking its shelves with chocolate candy Bitcoins.

The candy Bitcoins are much like
the gold foil-covered chocolate coins
commonly found around St. Patrick’s Day.

Peeling back the gold foil
reveals a delicious treat inside
and not the decentralized cryptocurrency.

While actual Bitcoin
is currently trading around $7,350
at the time of this writing,

Walmart is selling these Bitcoins
for the “everyday low price” of $1.

Also unlike actual Bitcoin,
these candies likely aren’t held to a fixed supply,
the price doesn’t fluctuate,
and you don’t need to pass
an extensive know-your-customer
identify verification process
to buy some.

Walmart featuring a candy version
of the leading cryptocurrency by market cap
is great exposure for Bitcoin.

Collectively,
Walmart is visited by 270 million customers each week
across more than 11,700 stores
under 65 banners in 28 countries.

The image shared on Reddit
shows the chocolate Bitcoins residing on an “end cap,”
known as highly sought after retail space
that has added visibility for passersby.

Walmart’s Real Ambitions Around Blockchain

Chocolate Bitcoins being featured at Walmart
is great exposure and good fun,
but Walmart does have some more serious ambitions
around blockchain,
the technology underlying cryptocurrencies
such as Bitcoin.

The United States retailer
has filed a number of blockchain-related patents
in recent months,
with the most recent patent filing
featuring a system for “autonomous electronic devices,”
or robots,
that can conduct package deliveries.


“In exemplary embodiments,
two autonomous electronic devices,
such as delivery drones or household autonomous robots,
can authenticate each other
using embodiments of security procedures
described herein.”

Most of Walmart’s blockchain patents
revolve around the supply chain,
which is an industry
that could potentially be revolutionized
thanks to blockchain’s immutable ledger technology.

Walmart also recently patented a system
for the scheduling of deliveries
or products purchased through their website.

The patent envisions using blockchain-based delivery hubs
that use the public ledger
to track available and reserved units,
then deploy them for shipment based on a schedule.

The technology could be coupled
with another Walmart blockchain patent
on temperature-regulated “smart packages”
for perishable goods.

The retailer also filed a blockchain-related patent
for a retail reseller platform.

In this system,
a customer registers an item at the time of purchase.

The customer then assigns a resale price
to the purchased item
and lists the item in a blockchain-based marketplace.

Walmart will offer it to a seller
who sets their price point
similarly to the customer reselling the product
they just purchased from Walmart,
keeping the resale transaction and customers
bound to Walmart’s own ecosystem.

https://www.barchart.com/story/crypto/quotes/%5EBTCUSD/47908/walmart-begins-selling-bitcoin-candy-coins