{"id":49356,"date":"2021-09-13T17:00:13","date_gmt":"2021-09-13T14:00:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49356"},"modified":"2025-09-02T12:17:55","modified_gmt":"2025-09-02T09:17:55","slug":"walmart-denies-partnership-with-the-litecoin-foundation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/walmart-denies-partnership-with-the-litecoin-foundation\/","title":{"rendered":"Walmart Denies Partnership with the Litecoin Foundation"},"content":{"rendered":"<p>Community members questioned the authenticity of the <a href=\"https:\/\/www.globenewswire.com\/en\/news-release\/2021\/09\/13\/2295879\/0\/en\/Walmart-Announces-Major-Partnership-With-Litecoin-LTC.html\">\u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0430<\/a> published in Walmart&#8217;s name about the start of a partnership with the nonprofit Litecoin Foundation. Later both organisations denied the news.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">An official statement regarding today&#8217;s false news \u2014 Charlie Lee will be live on Bloomberg today at 2pm PST addressing the subject. <a href=\"https:\/\/t.co\/x7z7NZ02nZ\">pic.twitter.com\/x7z7NZ02nZ<\/a><\/p>\n<p>\u2014 Litecoin Foundation (@LTCFoundation) <a href=\"https:\/\/twitter.com\/LTCFoundation\/status\/1437484869664137221?ref_src=twsrc%5Etfw\">September 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A Walmart spokesperson, in comments to CNBC, called the press release fake. Earlier the verified Litecoin account on Twitter deleted the tweet mentioning a partnership with the retailer. The Litecoin Foundation stressed that this was a hasty decision by one of the profile&#8217;s administrators.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?15\" data-telegram-post=\"forklog\/21396\" data-width=\"100%\"><\/script><\/p>\n<p>The press release stated that Walmart would allegedly integrate Litecoin from October 1. In this context the cryptocurrency price rose by more than 35%, and then collapsed just as sharply. The news was published by Reuters, Bloomberg and CNBC, fueling short-term market hype.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2021-09-13-v-21.56.28-1024x666.png\" alt=\"Walmart denies partnership with Litecoin Foundation\" class=\"wp-image-149202\"\/><figcaption>Hourly chart of LTC\/USD on Coinbase. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\">TradingView<\/a>. <\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">September 13, 2021 | 21:28<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Walmart, in a comment to <a href=\"https:\/\/www.theblock.co\/linked\/117494\/walmart-has-not-partnered-with-litecoin-despite-reports\">The Block<\/a> stated that \u201cthey are not partnering with Litecoin, despite the press release published today.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWalmart \u043d\u0438\u0447\u0435\u0433\u043e \u043d\u0435 \u0437\u043d\u0430\u043b \u043e \u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435, \u0432\u044b\u043f\u0443\u0449\u0435\u043d\u043d\u043e\u043c <span data-descr=\"press release distribution service\" class=\"old_tooltip\">GlobeNewswire<\/span>, \u0438 \u043e\u043d \u043d\u0435\u043a\u043e\u0440\u0440\u0435\u043a\u0442\u0435\u043d. Walmart \u043d\u0435 \u0438\u043c\u0435\u0435\u0442 \u043e\u0442\u043d\u043e\u0448\u0435\u043d\u0438\u044f \u043a Litecoin\u00bb, \u2014 \u043f\u043e\u0434\u0447\u0435\u0440\u043a\u043d\u0443\u043b\u0438 \u0432 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438.<\/p>\n<\/blockquote>\n<p>Litecoin founder Charlie Lee, in an interview with the publication, described the reports as \u201cfake.\u201d<\/p>\n<p>Journalists noted that the press release was distributed through an external channel, not Walmart&#8217;s official press site. It also did not include the so-called Safe Harbour rule, which is often used in statements by public companies.<\/p>\n<\/div>\n<p>The Block journalist Frank Chaparro noted that the mail domain listed in the release had been registered only a month earlier.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sus af. Not pulling the trigger on putting out a story yet. <a href=\"https:\/\/t.co\/cTyZJYNr46\">https:\/\/t.co\/cTyZJYNr46<\/a><\/p>\n<p>\u2014 Frank Chaparro (@fintechfrank) <a href=\"https:\/\/twitter.com\/fintechfrank\/status\/1437413768762470406?ref_src=twsrc%5Etfw\">September 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Chaparro did not rule out that \u201cthis pump-and-dump scheme, which deceived basically everyone, will draw the further ire of Gary Gensler and co.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Wouldn\u2019t be surprised if this pump and dump scheme \u2014 which tricked basically everyone \u2014 draws the further ire of Gary Gensler and co<\/p>\n<p>\u2014 Frank Chaparro (@fintechfrank) <a href=\"https:\/\/twitter.com\/fintechfrank\/status\/1437424481010655246?ref_src=twsrc%5Etfw\">September 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in August, <a href=\"https:\/\/forklog.com\/en\/news\/walmart-posts-vacancy-for-crypto-focused-product-leader\">Walmart opened a vacancy<\/a> for a product lead related to cryptocurrencies. The role involved creating and managing the development strategy in digital assets.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Community members questioned the authenticity of a press release published in Walmart&#8217;s name about a partnership with the nonprofit Litecoin Foundation. Earlier reports said the retailer would begin accepting cryptocurrency payments.<\/p>\n","protected":false},"author":1,"featured_media":49357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[209,2233],"class_list":["post-49356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-litecoin","tag-walmart"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=49356"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49356\/revisions"}],"predecessor-version":[{"id":49358,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49356\/revisions\/49358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/49357"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=49356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=49356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=49356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}