Walmart and Litecoin Payment News Debunked by Walmart Spokesman LTC Prizes Shudder from Fake News
On Monday, September 13, a press release was issued by globenewswire.com indicating that it was linked to "Walmart Inc ", the American multinational retailer. Several mainstream media published articles about it, including Reuters, Bloomberg and CNBC. Shortly after the publication of these reports, the release release stating that Walmart and Litecoin have teamed up has been verified as "not genuine " by a Walmart spokesperson.
Fake Walmart and Litecoin News exposes pump and dump scheme
Looks like a fake Walmart press A statement was released on Monday, saying retail chain Walmart is partnering with the Litecoin cryptocurrency project. The press release featured Doug McMillon, CEO of Walmart, and Charlie Lee, the creator of Litecoin.
Yahoo Finance reported on the 'news in a video.
In addition, a accountLitecoin official Twitter with a blue check mark also tweeted about the press release. The version claimed that Walmart had partnered with Litecoin and would accept Litecoin ( LTC ) for payments. However, not too long after the the globenewswire.com press release has been issued , the story was suspected to be false.
At first Reuters, Bloomberg, and CNBC all reported the news as legitimate, then updated their posts after revealing the news was not accurate with a statement from a Walmart spokesperson.
A number of cryptocurrency influencers tweeted that it was " fake ". An individual discovered as the name "WALMART-CORP.COM", the e-mail used in the globenewswire. com, n 'did not go to an official site. The name "WALMART-CORP.COM " was also registered last month.
The news never appeared in the official press room online from Walmart and the account that registered "Walmart Inc " had never been published prior to this event. A Walmart spokesperson confirmed with CNBC as the press release released on Monday n 'was "not genuine ".
A Walmart spokesperson who spoke to Bloomberg said the Litecoin statement was inauthentic ". The Litecoin Twitter account which tweeted the new one has since deleted the tweet. The archive.org web page shows that no one managed to save the tweet, but there are many screenshots of the tweet.
Litecoin ( LTC ) gained 28.9% over a period of 24 hours after that the fake news went viral, but since the report was confirmed to be false, LTC prices have seen all these wins erased. LTC is now a few percentages lower to the one beforepic.
What do you think of the fake news alleging that Walmart and Litecoin have teamed up? Let us know what you think of this topic in the comments section below.