Walmart says it intends to allow buyers to make payments with Litecoin

Walmart Announces Partnership with Litecoin

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re is nothing more conventional than Wal-Mart.

company announced a partnership with Litecoin and said it intends to offer buyers the opportunity to make cryptocurrency payments starting October 1.

Litecoin ranks much higher in the headlines.

Here is the exit

Walmart Announces Major Partnership with Litecoin (LTC)

BENTONVILLE, Ark., September 13, 2021 (GLOBE NEWSWIRE) – Walmart Inc. (NYSE: WMT), the # 1 retailer in the United States and the largest supermarket in the world, is pleased to announce a significant partnership with Litecoin. e-commerce giant intends to offer its millions of buyers around the world the opportunity to seamlessly make payments with cryptocurrencies.

“ momentum and excitement around the use of cryptocurrency is undeniable and we are poised to make online shopping easier 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 buyers to have a very seamless payment experience with almost instant transaction confirmation and almost zero commissions no matter where in the world they are located. We are very excited to work together with the Litecoin Foundation and further innovate the El October 1, all e-commerce stores will have implemented a “Pay with Litecoin” option, “said Doug McMillon, CEO of Walmart.

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Walmart has long been an early adopter of blockchain technologies, starting in 2016 to test the digital ledger for improvements to its supply chain. Now, with this partnership, Walmart will offer its buyers to use Litecoin to benefit from the features of the cryptocurrency.

Charlie Lee, Creator of Litecoin and CEO of Litecoin Foundation, shared: “LTC’s super low fees and fast transaction times are perfect for a leading e-commerce store like Walmart. We are excited and extremely excited that our cryptocurrency is now backed by Walmart, opening up creating more opportunities for any merchant to accept Litecoin in the future.

Why Litecoin? Launched in 2011, Litecoin is one of the oldest digital currencies in the crypto ecosystem. Litecoin (LTC) is similar to Bitcoin (BTC) in that it uses the same code as the latter and shares many similarities. However, Litecoin is cheaper and faster than Bitcoin. Litecoin is also a peer-to-peer cryptocurrency that facilitates cross-border transactions and enhances digital payment systems. Like Bitcoin, Litecoin does not have a central authority.

Litecoin was designed to be used for cheaper transactions and to be more efficient for everyday use. Although Litecoin requires more sophisticated mining technology than Bitcoin, blocks are generated up to four times faster. Litecoin also processes financial transactions much faster

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