An article over on Bitcoin Magazine has come out comparing Overstock’s recent adoption with what it would be like if Walmart started accepting and paying its employees and suppliers in bitcoin.
According to the Census Bureau, there are slightly more than 27,000,000 firms active in the United States, the vast majority of which are the sort of small, independent shops that might be inclined to become early adopters of Bitcoin. However, Walmart alone accounts for more than 2% of annual GDP in the United States.
[…] The company already knows all about Bitcoin and has almost certainly at least considered whether and how to adopt it. Walmart is perhaps the only company United States with both incentive to drive Bitcoin’s adoption and the political and economic influence to make sure that it happens.
To me, it’s only a matter of time. When retailers can double or triple their profits by shaving off a few % of transaction fees, it’s just to irresistible to leave that money on the table.
See the full article here.