MoneyBusiness

Actions

Walmart says cryptocurrency announcement was fake

Walmart Cryptocurrency Fact Focus
Posted
and last updated

Walmart will not begin accepting cryptocurrency despite a press release that many assumed was real.

The false announcement was picked up by numerous news organizations Monday, and immediately sent Litecoin's stock up.

To make matters worse, a Litecoin employee tweeted about the false claim of a partnership from the currency's Twitter account.

Charlie Lee, creator of Litecoin, said an employee mistakenly tweeted about the announcement after seeing the fake release.

A Walmart spokesperson also confirmed to The Associated Press there is no partnership between the retailer in Litecoin.

It's not clear who was behind the fake news release.

CNN reports that Litecoin's price went from $220 after the fake press release was released back to $178 once Walmart clarified it was a hoax.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Saturday

01/18/2025

Sunny

61° / 36°

0%

Sunday

01/19/2025

Sunny

63° / 36°

2%

Monday

01/20/2025

Sunny

62° / 35°

5%

Tuesday

01/21/2025

Sunny

65° / 34°

0%

Wednesday

01/22/2025

Sunny

62° / 36°

0%

Thursday

01/23/2025

Sunny

70° / 41°

1%

Friday

01/24/2025

Mostly Sunny

71° / 39°

0%

Saturday

01/25/2025

Mostly Sunny

59° / 37°

11%