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.

Bakersfield, CA

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

ThursdayThu

08/27/2026

Light Rain

91° / 75°

80%

FridayFri

08/28/2026

Partly Cloudy

97° / 73°

0%

SaturdaySat

08/29/2026

Sunny

96° / 68°

0%

SundaySun

08/30/2026

Sunny

95° / 68°

0%

MondayMon

08/31/2026

Sunny

95° / 63°

0%

TuesdayTue

09/01/2026

Mostly Sunny

90° / 63°

8%

WednesdayWed

09/02/2026

Partly Cloudy

86° / 63°

10%

ThursdayThu

09/03/2026

Partly Cloudy

88° / 65°

9%