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Press release on Walmart's litecoin partnership is fake - CNBC

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(Reuters) -A press release on Walmart Inc's partnership with cryptocurrency litecoin was not authentic, a company spokesperson confirmed to CNBC on Monday.

An email to a contact person given in the statement remained "undeliverable", while the announcement was not found on Walmart"s website.

The retailer and litecoin did not immediately respond to Reuters requests for comment.

The purportedly fake statement said Walmart would allow its customers to make payments with litecoin at its online stores sent litecoin prices up as much as 27.4%. It quickly gave up most of those gains and was last trading up about 5%.

Reporting by Praveen Paramasivam in Bengaluru; Editing by Arun Koyyur

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