Circle invest & Walmart's new patent - TheBit

Get crystal clear crypto news straight to your inbox  

Circle invest & Walmart’s new patent

Circle invest is a “participation” trophy


The Bit

Circle is making it even easier to get started as you can now just “buy the market”.


The Bigger Picture

The idea is nice: Allowing people to dip their toes into the future’s pool. However, users can’t withdraw the actual coins. In short, Circle has created a, “I just want to do this so I can tell my friends, family and coworkers that I invested in cryptocurrencies button”…it’s kind of like an Index fund that lets you buy all coins available on Circle Invest, weighted depending on their market cap. It’s great for beginners, so recommend it to the friends that don’t want to do the research.


Can I have pepperoni and btc plz?


The Bit

A user on Bitcointalk in 2010: “I’ll pay 10,000 bitcoins for a couple of pizzas…”

8 years later: “F#@^#*#!!!”


The Bigger Picture

“… Maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later.” The forum remains an extremely active, and absurd, community. Till this day, most even announce their ICOs there! “I just think it would be interesting if I could say that I paid for a pizza in bitcoins.” And by golly, this nerd will be remembered forever. Maybe. And since we’re talking about pizza though, Hot-N-Readys have been $5 dollars since 2004… Little Caesar Stablecoin??


The people of Walmart…on blockchain


The Bit

Walmart’s newest patent for a P2P marketplace would record a customer’s purchase in a blockchain ledger, thus allowing the customer to resell the items on a sales platform using the record of purchase.


The Bigger Picture

To go in a little deeper: Walmart’s inventory would be held on a blockchain, and if a purchaser wanted to resell an item at any time, they could do so through a resale platform. This would then hold the data of when the item was purchases and maintain any marketing, reviews or promotional content for the item. In the beginning of March, Walmart filed a different patent for a “Smart Package” delivery system that uses a blockchain-based tool for tracking package contents, environmental conditions, and locations. They are making moves.


“Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.” – Ginni Rometty, CEO IBM

For more great content  Share