Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Litecoin price increases by 35% after Walmart adoption hoax

2 min reading

On Monday, the price of Litecoin (LTC) jumped to almost $237

The price of Litecoin (LTC) rose to more than $237 earlier on Monday after the reports from major news outlets that United States retailer Walmart would be bringing a payment option for the cryptocurrency on all of its e-commerce websites. 

CNBC, Reuters, Decrypt and others stated that Walmart have decided to have a “pay with Litecoin Option” for its retail websites starting on Oct. 1 as part of the organisation financing and promoting adoption of the Litecoin ecosystem. The reports stated that Walmart selectively adopted LTC for payments based on its “cheaper and faster” features and the token having no central authority.” CNBC stated that Walmart spokesperson confirmed the press release which was “not authentic” just hours after the reports were released. 

“The Litecoin foundation has yet to enter into a partnership with Walmart,” said Milla. There are data that shows that LTC’s price increase more than 35% after the fake report was spread all around. From $175 to a monthly high of more than $237 before having a sharp fall. During the time of publication, the price of Litecoin is $180. The market capitalization was more than $406 billion, Walmart has given hints before that it would be looking into cryptocurrencies. During August, the company posted a job listing for an expert who is capable of creating a digital currency strategy and product roadmap but did not mention it would be bringing a new platform for crypto payments. Walmart has used blockchain technology for supply chain management, customer marketplace and smart appliances. 

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.