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Wal Mart applies for digital cryptocurrency patent? Patent documents show that it is similar to Libr

Original title: Wal Mart also wants to issue digital currency? Patent documents show that it is similar to Libra

On the evening of August 2, Beijing time, according to coindesk, a digital cryptocurrency research website, retail giant Wal Mart recently applied for a digital cryptocurrency patent, which has many similarities with Libra released by Facebook in June.

In the patent application document, Wal Mart proposed a digital cryptocurrency, saying that it is' bundled with conventional currency ', and the' conventional currency 'here is' stable currency'. Facebook also said that its Libra digital cryptocurrency would be a token linked to a basket of fiat currencies and government bonds.

In addition, Wal Mart also said that the proposed digital currency may help to provide financing services for those who do not have access to banking services, which is also one of Facebook's main propositions against Libra. This is very attractive because many people do not have bank accounts. Wal Mart said that for low-income families, the cost of banking is slightly higher. The use of digital cryptocurrency will provide them with a new alternative.

In addition, Facebook Libra is expected to create a system so that its social media platform can use Libra for payment, allowing advertisers to earn Libra and pay advertising fees to Facebook through Libra. Similarly, Wal Mart also said that its digital currency has similar functions.

But a significant difference between the two is that users of 'Wal Mart currency' can even 'earn interest'. Wal Mart also said that its digital currency can store users' purchase records on the blockchain, and then apply the relevant savings to subsequent purchases.

It should be noted that since Facebook released Libra, it has attracted great attention from central banks and regulators in many countries, and one after another expressed the need to strictly review Libra.