According to Wal-Mart's patent application documents, the digital cryptocurrency patent it applied for is a kind of digital currency tied with conventional currency, but many users pointed out that Wal-Mart's digital cryptocurrency patent is similar to the Libra digital cryptocurrency proposed by Facebook before. Previously, Libra digital cryptocurrency was also expressed as a token linked to a basket of legal tender and government bonds.
In addition, Wal-Mart also said that its digital currency can provide users with a wealth storage place. After storing its own data currency, it can be converted into cash at designated retailers or cooperation points for later use, and deposit interest can be generated during the storage process, which is equivalent to our current bank deposit.
To sum up, in fact, the principle of Wal-Mart digital currency is to link its own currency with a stable currency on the basis of traditional digital currency, so that users without bank accounts can still go through a process similar to bank deposits, and they can also benefit from this process.
Although Wal-Mart has applied for the patent of data currency at present, the proportion of data currency has not been published, and Wal-Mart officials also said that they will not use the digital currency patent they applied for immediately, and Wal-Mart's listing in digital currency in the later period may be subject to a lot of supervision, so the specific situation is unknown.
It is reported that Wal-Mart's data currency may be linked to the US dollar in the later stage, and finally it will be launched in the form of stored-value cards, so it is actually equivalent to a rechargeable shopping card. If the card is not enough, you can recharge and withdraw cash, and you can earn interest. However, the final details need to be subject to the official announcement, and interested users can pay more attention.