BENTONVILLE, Arkansas, September 13, 2021 (GLOBE NEWSWIRE) – Walmart Inc. (NYSE: WMT), the No. 1 retailer in the U.S. and the world’s largest supermarket, is pleased to announce a major partnership with Litecoin. The e-commerce giant intends to give its millions of buyers around the world the opportunity to make hassle-free payments with cryptocurrencies.
“The momentum and excitement surrounding the use of cryptocurrency is undeniable and we are ready to make online shopping easier for our customers. As a leading e-commerce store, we are committed to bringing innovations to the shopping experience. By integrating Litecoin, we will allow buyers to experience a very smooth payment experience with almost instant transaction confirmation and almost zero rates regardless of where they are located.We are very happy to work with you. the Litecoin Foundation and further innovate our business.On October 1, all e-commerce stores will have implemented the “Pay with Litecoin” option, ”said Doug McMillon, CEO of Walmart.
Walmart has long been one of the first adopters of blockchain technologies, as early as 2016 to test the digital book for improvements in its supply chain. Now, with this partnership, Walmart will offer its buyers the use of Litecoin to benefit from the functions of the cryptocurrency.
Charlie Lee, the creator of Litecoin and CEO of Litecoin Foundation, shared: “Very low LTC rates and fast transaction times are perfect for a leading e-commerce store like Walmart. We are thrilled and extremely excited that Walmart have the support of our cryptocurrency now, opening up more opportunities for any merchant to accept Litecoin in the future. “
Why Litecoin? Published in 2011, Litecoin is one of the oldest digital currencies in the cryptographic ecosystem. Litecoin (LTC) is similar to Bitcoin (BTC), as 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 has no central authority.
Litecoin was designed to be used for cheaper transactions and to be more efficient for everyday use. Although Litecoin requires more sophisticated technology than Bitcoin, blogs are generated up to four times faster. Litecoin also processes financial transactions much faster.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better (anytime, anywhere) in retail stores, online, and through their mobile devices. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs in less than 48 banners in 24 countries and e-commerce websites. With revenue in fiscal year 2021 of $ 559 billion, Walmart employs 2.2 million partners worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and job opportunities. You can find additional information about Walmart by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.
Media:
William White
[email protected]
Senior Vice President and Director of Marketing
Website: http://corporate.walmart.com
Source: WalMart Inc.
