Category Archives: Frankford Candy & Chocolate Company

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It’s No Joke! Walmart Entices Customers with $1 Bitcoins

One-dollar Bitcoins at Walmart are on sale, but it’s of the chocolate variety, perhaps showing the US retailing giant’s faith in blockchain technology to boost candy sales.

It is unclear exactly why Walmart is selling the gold-wrapped Bitcoin chocolates, somewhat ironically advertising them at an “everyday low price”, possibly in reference to the flagship cryptocurrency’s drop from the dizzying heights of USD 20,000 at the end of last year, now trading at USD 7,290.95 (at time of writing).

The Philadelphia-based candy manufacturer Frankford Candy & Chocolate Company is responsible for the chocolate coins, although they are not the only ones suffering from crypto-choc. “Foiled Again Chocolate” is one of the many companies who distribute Bitcoin chocs online, theirs made from Belgian milk chocolate and available in gold or silver foil. In fact, it seems that the internet is awash with chocolate Bitcoins.

While Walmart hasn’t actually expressed any allegiance to the real coin it is one of the major retailers now actively using blockchain technology. The company has almost been hyperactive this year filing blockchain patents or integrating the technology into its existing systems.

A recent patent filed means that automated vehicles could one day deliver packages for Walmart using blockchain technology. The patent is concerned primarily with receipt of goods at the point of delivery allowing automated vehicles to have safe access for the AVGs on arrival. Supply chain patents have also been filed by the company enabling the blockchain track products as it passes through courier services to customers, providing another layer of security that the product will be delivered as promised.

Last year Walmart filed a patent with the United States Patent and Trademark Office (USPTO) for blockchain technology that stores critical personal medical information in a wearable device that can be accessed by paramedics during an emergency.

It’s unlikely given the company’s huge investment in blockchain tech that the sale of Bitcoin chocolates, available in a 1.48-ounce mesh bag of six, is a complete coincidence. Walmart advertises the choc treats on their product page as “the modern currency in chocolate!”.

 

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