Walmart Inc said on Monday it had partnered with litecoin to allow its customers to pay with cryptocurrensets.
"As of October 1, all eCommerce stores will be using 'Pay with Litecoin Option'," said Walmart CEO Doug.
Find Walmart Inc. The report launched a partnership with Litecoin on Monday that will allow the world's largest retailer customers to pay in cryptocurrensets.
Walmart said customers can use Litecoin, first released in 2011, to purchase goods starting October 1. Litecoin, the retailer said, is "cheaper and faster than Bitcoin"
The momentum and joy of digital spending is undeniable, and that we are ready to build online purchases for our customers easily. As the first eCommerce store, we are committed to bringing innovation to the web shopping experience. By integrating Litecoin, we will enable consumers --zero wherever they are in the world, "said chief executive Doug McMillon. "We are very excited to work in partnership with the Litecoin Foundation, and to revitalize our business. By October 1, all eCommerce stores will have implemented 'Pay with Litecoin Option."
Walmart shares listed 0.65% higher at the start of Monday trading to change hands at $ 146.78 each.
Litecoin prices rose 32% to 233.00 each of the following Walmart contract issues, while Bitcoin fell 0.3% to $ 45,761.82 each, a move that furthers the downside of the single crypto bank to about 13%. following its acceptance as a tender in El Salvador.
Last month, the digital currency market was attracted by an activity posted on Walmart's website seeking 'Cryptocurrency and Digital Currency Product Lead' focused on demonstrating "crypto-related investments and partnerships."