No, Walmart did not announce plans to simply accept cryptocurrency



a person standing in front of a store: Walmart will now allow customers to pay using cryptocurrency. Chris Hondros/Getty Images


© Chris Hondros/Getty Pictures
Walmart will now enable clients to pay utilizing cryptocurrency. Chris Hondros/Getty Pictures

GlobeNewswire on Monday printed a press launch claiming Walmart would enable buyers to pay utilizing cryptocurrency – but it surely turned out to be a faux.

The announcement claimed all of Walmart’s e-commerce shops would come with a “pay with litecoin” possibility starting October 1, earlier than it was deleted a number of hours later.

Walmart spokesperson Randy Hargrove instructed CNBC the discharge was “not genuine,” however some information shops, together with CNBC and Reuters, had already printed articles citing the doctored press launch. Each websites later eliminated the false info and issued corrections.

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Walmart signaled curiosity in crypto earlier this 12 months when posting a job software for a senior director to steer its digital forex technique. Main firms like PayPal, Tesla and Xbox have just lately begun to simply accept it as a type of fee.

Litecoin, designed by former Google engineer Charlie Lee, is an alternative choice to the cryptocurrency bitcoin. The digital forex is among the many high 10 cryptos, per Coinbase, and has a market capitalization of $15.2 billion. Its worth surged greater than 30% following the faux announcement, earlier than erasing many of the positive factors.

GlobeNewswire and Walmart weren’t instantly obtainable for remark.

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