Walmart has not partnered with Litecoin, despite reports

Walmart has not partnered with Litecoin, despite a press release that was published today and reported by multiple news organizations.

Charlie Lee, the creator of litecoin who was cited in the press release, told The Block that the news was "fake." A Walmart spokesperson earlier told CNBC that the press release is not authentic.

In a statement circulated after the publication of this story, Walmart said that the company was "the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC)."

"Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. Walmart has no relationship with Litecoin."

The false press release, published at 9:30 ET, claimed that the two had formed a partnership that would see Walmart integrating Litecoin payments in all of its stores by the start of next month. It included quotations supposedly from Litecoin founder Charlie Lee, commenting on the blockchain platform's faster payments.

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