Walmart to Accept Litecoin Payments
Walmart, America’s biggest supermarket has announced they are to accept Litecoin payments starting this October according to a statement. Doug McMillon, Walmart’s CEO, said:
“The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers.
As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience. By integrating Litecoin, we will enable shoppers to experience a very smooth checkout experience with near instant transaction confirmation, and near-zero fees regardless of where in the world they are.
We’re very excited to be working together with the Litecoin Foundation, and further innovate our business. Starting October 1st, all eCommerce stores will have implemented a ‘Pay with Litecoin Option.'”
It’s not clear whether the recent rollout of bitcoin payments in El Salvador, where Walmart, McDonald’s and other retailers have to accept the crypto, contributed to the decision.
But Walmart said they went with litecoin over bitcoin because it is “cheaper and faster” with this announcement sending Litecoin’s price up 30% to $232.
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