A move to launch crypto-based payments by Walmart or Amazon that bypasses the traditional payments system would send shivers through the nation’s banks and card-network giants.

Walmart and Amazon are reportedly exploring their own corporate stablecoins as a customer payment option, which could potentially reduce the billions of dollars the retailers pay in credit transaction fees.

Major retailers, including Walmart and Amazon, are reportedly considering their own stablecoin offerings as legislation to regulate the instruments moves further through Congress. The big picture: For big retail,