Walmart Inc’s spokesperson clarified to Reuters that the professed press release ‘was not real.’
‘Save Money. Live Better.’ That’s Walmart for you, ladies and gentlemen. ‘Every Day Low Prices’—goes the multinational retail giant’s success mantra. Well, the crypto market took it way too seriously.
Litecoin (LTC) first went zip, zap, zoom +27.4%. LTC then fell 20% (face first down the price floor) after Walmart invalidated via an official announcement the acceptance of LTC. Walmart spokesperson Randy Hargrove clarified to Reuters (moneycontrol) that the press release in question ‘was not real.’
The untrue statement purportedly alleged that Walmart approved its customers to make LTC payments at its online stores. But the reality came knocking not-so-lightly on the doors of LTC after Walmart’s official (refuting) statement on the issue. LTC immediately lost all the gains stated above.
Visiting the GlobeNewswire’s rumoured press release web-page now returns this message: “oops, We’re sorry, you encountered a page that doesn’t exist.” As reported by CNBC, GlobeNewswire then issued a “notice to disregard” the original LTC press release. Litecoin is yet to respond to the news media queries. CNBC also reports that the so-called press release never made it to the corporate website of Walmart Inc.
An Intrado Communications company, GlobeNewswire works on Newswire Distribution Network & Management. GlobeNewswire is placed among the world’s largest newswire distribution networks. Its specialty lies in delivering corporate PRs, financial disclosures and multimedia content to media, investors, and its worldwide consumers.
