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Survey Shows Why Walmart Should Accept Bitcoin (For Real)

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Tue, 21/09/2021 - 15:13
Survey Shows Why Walmart Should Accept Bitcoin (For Real)
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A Morning Consult survey published on Sept. 21 has found that frequent Walmart shoppers are two times more likely to own Bitcoin than the average American.

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Almost a third of those who visit the largest U.S. grocery chain more than once per week hold the benchmark crypto.

Overall, Bitcoin ownership stands at 16% in the U.S. Only 10% of non-Walmart shoppers have exposure to the top coin.

Last week, a bogus press release about Walmart accepting Litecoin, which was picked up by some mainstream media, pushed the price of the O.G. altcoin by almost 30%.

Notably, the official Litecoin Twitter account also briefly tweeted the fake news. Both Walmart and the Litecoin Foundation were quick to deny the partnership.

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As reported by U.Today, founder Charlie Lee blamed the organization's social media manager for the mishap:

It was wrong to retweet it. We deleted it quickly afterwards. But the damage is done.

With that being said, Walmart's Bitcoin-centric customer base and its recent crypto-related job posting indicate that the Litecoin hoax might well be a sign of things to come.

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