Lens1000
VIP Contributor
The Wal mart is the largest employer in America history. The plan of this.big company to foray in the cryptocurrency space is a very good news. The kind of news that the Financial trade will call the "major news" . This type of news will help my fundermental Analysis as a technical analyst of the cryptocurrency market. The time it will commence the acceptance of the cryptocurrencies is not known yet but we are optimistic that it will be a success at the end of the day. Normally, it is a good one in the cryptocurrency space because a big name will soon accept cryptocurrencies. We should not forget that there was a massive surge in the price of bitcoin when Tesla did same. At this time, Bitcoin reached the ATH ( all time high) in history. We are of the opinion that bitcoin will be able to reach that landmark once again if it was adopted by another whales like Wal mart or amazon. I also recall that a rumours that broke out on Amazon accepting bitcoin as a form of payment quickly pop up the price of bitcoin at that time. Remember? I will also prefer the smaller cryptocurrencies as you have pointed out.It will simply be nice like that for the company to consider the lower coins for transactions to reduce the hefty had fee of BTC and ETH. Small crypto traders simply wants to see lower transaction fees and not the one they'll be paying $25 per transaction that isn't up to the has fee which we've been seeing lately around Bitcoin and ETH. The company have taking the right step to bring crypto feature to the customers who cherish crypto transactions. I simply want to see crypto being widely accepted as a payment option than so-called PayPal.