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Kroger Denies Bitcoin Cash Reports

Kroger Denies Bitcoin Cash Reports

Kroger has denied that this would possibly maybe per chance uncover the cryptocurrency as price in stores.

Shutterstock duvet by Jonathan Weiss.

Key Takeaways

  • Kroger Co. has denied flawed news that it would possibly per chance most likely per chance maybe delivery up accepting Bitcoin Cash (BCH) as price in its stores.
  • The news circulated widely earlier than it was denied, and was even picked up by Kroger’s investor relatives web page.
  • BCH has experienced a volatile morning in connection with the news.

Wrong news that grocery huge Kroger would delivery up accepting Bitcoin Cash (BCH) as price in its stores circulated online recently earlier than the firm denied its truthfulness. 

Kroger Denies Bitcoin Cash Rumors

The associated rate of Bitcoin Cash (BCH) briefly spiked this morning on the news that it’d be permitted this vacation season in Kroger stores, which turned out to be untrue. PR Newswire, widely feeble by main companies to circulation news, set up out an announcement this morning that read, “Kroger to Catch Bitcoin Cash This Vacation Season.” The press release has since been taken down. 

Kroger Co.’s investor relatives web page incorporated the Newswire piece earlier than the error was caught. Various main media organizations also printed the untrue news. 

Bitcoin Cash quick spiked from roughly $600 to $630 in decrease than half an hour, ideally suited to lose those features as the day went on. 

A identical incident came about in September when it was falsely reported that Litecoin had shaped a partnership with Walmart, the U.S.’s 2nd-greatest retailer, to permit Litecoin transactions in Walmart stores. If that is so, Litecoin in the origin rose vastly on the news of the partnership, ideally suited to erase those features after Walmart denied the news. 

Disclaimer: On the time of writing, the creator of this piece held BTC, ETH, and several diverse cryptocurrencies. 

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