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    Author Topic: Walmart Plans Instant Bank Payments, Cutting Out Card Networks  (Read 461 times)
    Reatim
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    September 25, 2024, 11:29:20 AM
     #21

    Walmart Inc. customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases.
    I’m confused because in my country this has been normalized already. We have instant online payments already. Just scan the qr code from wherever you are paying and the money will be sent immediately to their account. This is a different platform from a bank tho. It doesn’t have any physical branch but you can store your fiat in. Kind of like a wallet except not for crypto. From what I know, we can do this with banks as well. Sending from bank to bank. We are not a first world country but it is surprising that we are ahead when it comes to things like this.
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    The death of bitcoin. No real world use case to buy things from a major retailer. Walmart knows that taking payments in BTC would be even WORSE than paying merchant processing fees...
    Well. If you are going to be transacting with a retailer, you would not want your information to be leaked. This is one purpose of bitcoin. No need to share unnecessary information to strangers that could later on use this against you in some way.
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