Over the last few [months](https://inleo.io/@leoglossary/leoglossary-month), we discussed how [Elon Musk](https://inleo.io/@leoglossary/leoglossary-elon-musk) and X are breaking down barriers.  The old lines separating [industries](https://inleo.io/@leoglossary/leoglossary-industry) are going away.  [Amazon](https://inleo.io/@leoglossary/leoglossary-amazon-company) is another [company](https://inleo.io/@leoglossary/leoglossary-company-business) that has done a fabulous [job](https://inleo.io/@leoglossary/leoglossary-job) of adopting a similar path.


For this reason, the idea of being [social media](https://inleo.io/@leoglossary/leoglossary-social-media), [finance](https://inleo.io/@leoglossary/leoglossary-finance), retail, or anything else is going away.  It will be absurd to describe one's company in that manner.  If done, that is likely on the path to [bankruptcy](https://inleo.io/@leoglossary/leoglossary-bankruptcy).


All of this is providing a model for [Web 3.0](https://inleo.io/@leoglossary/leoglossary-web-3-0).  It is all going to be part of [digital](https://inleo.io/@leoglossary/leoglossary-digital) platforms.  As we are seeing, the bridge out of the digital realm is also taking place.


For this reason, I think the [banks](https://inleo.io/@leoglossary/leoglossary-bank), who are attacking [crypto](https://inleo.io/@leoglossary/cryptocurrency), are fighting the wrong fight.  While it can present an ultimate challenge to them, there are other wolves venturing after their [business](https://inleo.io/@leoglossary/leoglossary-business).


This is coming from [technology](https://inleo.io/@leoglossary/leoglossary-technology).  Any company that is into tech is going to mount an offensive.

<center> https://img.inleo.io/DQmZwnQWuQdHVhr8a5Zgh8ukJtsAeVSQEbn24XGh3rAQ6gw/image.png 
Image from article linked </center>


# Walmart Getting Into Loans


Walmart is recognized as the [worlds](https://inleo.io/@leoglossary/leoglossary-world) leading retailer.  This is a logical conclusion based upon the revenues and where they come from.


The problem with this is Walmart is also a technology company.  It spent a fortune making this transition over the past decade.  While it is not at the level of Amazon, at least to the consumer, it does have a lot of [infrastructure](https://inleo.io/@leoglossary/leoglossary-infrastructure-computer) in place.


One area the company long wanted to enter was banking.  Over 30 [years](https://inleo.io/@leoglossary/leoglossary-year) ago, it saw itself as a future banking entity.  Unfortunately for it, the [regulators](https://inleo.io/@leoglossary/leoglossary-regulator) always put a stop to that.


This caused Walmart to take a more measured approach.  It is now possibly starting to pay off.


Walmart is the majority [owner](https://inleo.io/@leoglossary/leoglossary-owner-insurance) of a company called One.  It is an [investment](https://inleo.io/@leoglossary/leoglossary-investment) that goes back more than a decade.


Here is the recent news:


>Walmart’s majority-owned [FinTech](https://inleo.io/@leoglossary/leoglossary-fintech) startup One has begun offering [buy](https://inleo.io/@leoglossary/leoglossary-buy) now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned.


Up to this point the company was partnering with different financial entities such as Capital One.  It is also looking to cause major [disruption](https://inleo.io/@leoglossary/leoglossary-disruption).


>It also likely signals that a battle is brewing in the store aisles and ecommerce portals of America’s largest retailer. At stake is the [role](https://inleo.io/@leoglossary/leoglossary-role) of a wide spectrum of players, from [FinTech firms](https://inleo.io/@leoglossary/leoglossary-fintech-firms) to card companies and established banks.


>One’s push into lending is the clearest sign yet of its ambition to become a financial superapp, a [mobile](https://inleo.io/@leoglossary/leoglossary-mobile) one-stop shop for saving, spending and borrowing [money](https://inleo.io/@leoglossary/leoglossary-money).


There is a lot of money at stake:


>One could generate roughly $1.6 billion in annual [revenue](https://inleo.io/@leoglossary/leoglossary-revenue) from [debit cards](https://inleo.io/@leoglossary/leoglossary-debit-card) and lending in the near [term](https://inleo.io/@leoglossary/leoglossary-term), and more than $4 billion if it expands into investing and other areas, according to Morgan Stanley


<center> [Source](https://www.cnbc.com/2024/04/23/walmart-backed-fintech-one-introduces-buy-now-pay-later.html) </center>


I would expect this to only be the start.  We are likely to see a host of financial products offered through this entity.  Walmart is using its "platform" to [leverage](https://inleo.io/@leoglossary/leoglossary-leverage) over services.  Here is another example of the implementation of the digital platform [business model](https://inleo.io/@leoglossary/leoglossary-business-model).  


While the online aspect of the company is limited, the [application](https://inleo.io/@leoglossary/leoglossary-application) for the [financial services](https://inleo.io/@leoglossary/leoglossary-financial-services) is an adjunct to what Walmart is already doing.  This can be combined with its own online app for cross pollination.


## Walmart Being Another Example Of The Model To Follow


Web 3.0 [networks](https://inleo.io/@leoglossary/leoglossary-network) should take note.  This is the future.


By now, most are aware [Web 2.0](https://inleo.io/@leoglossary/leoglossary-web-2-0) is a siloed system.  This created some enormous players which generate massive amounts of revenue.  These entities are all technology based and spreading into other areas.  


Those that operate in the physical realm are going to have more issues.  Walmart, however, is one that is looking to break the trend.  It does have the revenue stream to match some of the major technology players.  This can be leveraged in a manner few physical entities can consider.


Which brings us to Web 3.0.


As the "big get bigger", we are going to see few companies controlling even more industries.  This is the entire premise of the digital platform model.  The network captures value and spread it throughout.  It matters none the size of the increase since it is replicated by a large number of users.


[Wall Street](https://inleo.io/@leoglossary/leoglossary-wall-street) looks at this in regards to revenues and [profits](https://inleo.io/@leoglossary/leoglossary-profit).  While that is one metric, there are many others.


Web 3.0 must follow a similar pathway.  A [blockchain](https://inleo.io/@leoglossary/blockchain) is, after all, a digital network.  It also have the ability to monetize and financial distribute value.  This can also be transferred, something vital for [commerce](https://inleo.io/@leoglossary/leoglossary-commerce).


The idea here is to consider every industry that we come across.  At some point, there is going to be a crossroad where the decision is going to be made as to whether it is on Web 3.0 or not.


Here is some of what we are looking at:


* news/information
* [entertainment](https://inleo.io/@leoglossary/leoglossary-entertainment) including [music](https://inleo.io/@leoglossary/leoglossary-music) and [video](https://inleo.io/@leoglossary/leoglossary-video)
* [education](https://inleo.io/@leoglossary/leoglossary-education)
* financial services
* financial products
* commerce
* [telecommunications](https://inleo.io/@leoglossary/leoglossary-telecommunications)
* [real estate](https://inleo.io/@leoglossary/leoglossary-real-estate)
* [healthcare](https://inleo.io/@leoglossary/leoglossary-healthcare-industry)
* [robotics](https://inleo.io/@leoglossary/leoglosary-robotics-robots)


To frame this another way, consider X, Amazon, [Google](https://inleo.io/@leoglossary/leoglossary-google-company), or Walmart.


Which of these fields are they not able to enter?  The answer is none.  Any of these companies could access these [markets](https://inleo.io/@leoglossary/leoglossary-market) in some form.  Whatever is digitized could then be integrated into their platform.  Certainly, for many there is a physical component but that is where the bridge comes in.  Advancements in robotics, for example, are making that connection likely. 


The point is to not thing either/or.  Instead, Web 3.0 platforms have to think all.  There will be decisions of where to focus based upon [time](https://inleo.io/@leoglossary/leoglossary-time) and other resources.  However, success is going to come from [building](https://inleo.io/@leoglossary/leoglossary-building-structure) as much as possible.  Here is what will eventually feed into the concept of the [network-state](https://inleo.io/@leoglossary/leoglossary-network-state-76ugqy) whereby an [ecosystem](https://inleo.io/@leoglossary/leoglossary-ecosystem-digital) operates similar to a country including having its own [economy](https://inleo.io/@leoglossary/leoglossary-economy).


We are looking at the race for trillions of dollars.  These entities would not be embarking upon this if there was not a lot of money to be made.  Disruption is going to provide some big time winners.  We are also going to see many household names fall by the wayside.


Web 3.0 is an [opportunity](https://inleo.io/@leoglossary/leoglossary-opportunity).  The question is what will people do with it?


____


<center> [What Is Hive](https://inleo.io/@leoglossary/leoglossary-what-is-hive) </center>




Posted Using [InLeo Alpha](https://inleo.io/@taskmaster4450/web-30-model-walmart)