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WSJ Tech News Briefing

TNB Tech Minute: Walmart, Amazon Consider Issuing Stablecoins

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 13 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Congress weighs crackdown on mortgage lenders’ spam calls. And, Brookfield strikes deal to buy internet-service provider Hotwire. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your TNB Tech Minute for Friday, June 13th. I'm Victoria Craig for

0:35.8

the Wall Street Journal. Some of the world's biggest

0:38.3

retailers are looking at ways to save billions of dollars in fees by leaving the traditional

0:43.7

financial system. People familiar with the matter told the journal that Walmart, Amazon,

0:48.5

Expedia, and some airlines and other multinationals have toyed with the idea of issuing their own

0:54.0

stable coins in the U.S.

0:56.1

Stable coins are, for now, used to store cash or buy other cryptocurrency tokens.

1:01.2

They're supposed to have a one-to-one exchange ratio with the dollar or other government currency.

1:06.4

Any move by those large companies would allow them to bypass the traditional payment system and send

1:11.8

shivers through America's banks and card networking giants. Elsewhere, getting spammed by calls

1:17.6

about loan offers, their days annoying you might be numbered. Those calls, texts, and voicemails

1:23.8

for mortgage bankers you've never heard of stem from a widely used marketing tactic

1:28.3

called a trigger lead. And your information is likely added to a list that credit bureaus sell

1:33.6

to other lenders who also want to give you a loan. Two bills passed in separate chambers of

1:39.1

Congress this week could be merged into one and soon sent the president for his signature.

1:44.7

And finally, growing demand for state-of-the-art fiber to power devices has led to a boom in mergers and acquisitions.

...

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