Re:Walmart says it intends to allow shoppers to make payment...
by fighterpilot on Monday September 13, 2021 @10:24AM
(#28511885)
No, there's no market risk because the inventory is closed almost immediately. As the inventory comes in they hedge using liquid LTC futures which are available on a number of exchanges. Or they just sell the LTC spot straight away. Either way, it is a trivial task that one person can do manually after a few days of training.
Either they hire that one person themselves or outsource it.
Re:Walmart says it intends to allow shoppers to make payment...
by SketchySeaBeast on Monday September 13, 2021 @10:59AM
(#28512319)
So they would just automatically sell the coins, as pizza234 suggested. Seems like you don't want a human trader and instead want an automated process automatically selling, considering that Wal-Mart is global and operates 24/7.
Re:Walmart says it intends to allow shoppers to make payment...
by fighterpilot on Monday September 13, 2021 @11:13AM
(#28512494)
Yeah, actually I misread their second sentence initially, but that's exactly what I imagine they would do.
Edit: Looked up the Litecoin price because it was bugging me - that same timeframe was a 22% drop which it has yet to recover from.