Walmart said the viral news that it has entered a partnership with Litecoin is fake.

The news, which was first published by GlobeNewswire and later circulated by mainstream media Reuters and CNBC, and crypto news platforms, CoinDesk and Decrypt on September 13, 2021, has the headline that read “Walmart Announces Major Partnership With Litecoin (LTC).” 

The news suggested that Walmart and Litecoin have gone into a partnership, resulting in Walmart accepting LTC as payment in its chain of stores.

Reacting to this, Walmart called it ‘fake news.’ A press statement released by the American multinational retail corporation says, “Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. Walmart has no relationship with Litecoin.”

In the last 24 hours, bitcoin is up by 3.31%, with a current price of $46,601.49 as at the time of writing this. Within 24 hours, bitcoin dropped to $43,480.54 low and $46,843.67 high. The trading volume of bitcoin in the last 24 hours is $1.16B. The current market capitalization of bitcoin is $876.80B. Currently, $18.81M bitcoins is in circulation.

Stats and Image from Coin Desk

GlobeNewswire has also pulled down the false news and published a notice urging journalists and other readers to disregard the news release.

Litecoin’s price experienced an uptrend, reaching as high as $231 in value when the news broke. However, the price has slumped to $180 at the time of filing this report.