Kroger has denied that it will accept the cryptocurrency as payment in stores.

Shutterstock cover by Jonathan Weiss.

Key Takeaways

Kroger Co. has denied false news that it would begin accepting Bitcoin Cash (BCH) as payment in its stores.
The news circulated widely before it was denied, and was even picked up by Kroger’s investor relations page.
BCH has experienced a volatile morning in connection with the news.

Share this article

False news that grocery giant Kroger would begin accepting Bitcoin Cash (BCH) as payment in its stores circulated online today before the company denied its truthfulness. 

Kroger Denies Bitcoin Cash Rumors

The price of Bitcoin Cash (BCH) briefly spiked this morning on the news that it would be accepted this holiday season in Kroger stores, which turned out to be untrue. PR Newswire, widely used by major companies to circulate news, put out a press release this morning that read, “Kroger to Accept Bitcoin Cash This Holiday Season.” The press release has since been taken down. 

Kroger Co.’s investor relations page included the Newswire piece before the error was caught. Various major media organizations also published the untrue news. 

Bitcoin Cash quickly spiked from roughly $600 to $630 in less than half an hour, only to lose those gains as the day went on. 

A similar incident occurred in September when it was falsely reported that Litecoin had formed a partnership with Walmart, the U.S.’s second-largest retailer, to allow Litecoin transactions in Walmart stores. In that case, Litecoin at first rose significantly on the news of the partnership, only to erase those gains after Walmart denied the news. 

Disclaimer: At the time of writing, the author of this piece held BTC, ETH, and several other cryptocurrencies. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Recommended News

Read More