Is Kroger Accepting Bitcoin Money? Grocer Says Memo About Cryptocurrency Is Not Actual

Kroger, America’s largest supermarket operator, has been attempting to fool the public with a fake news release that claimed the company would begin accepting Bitcoin Money in the next few weeks.

The grocery store referred to a PR Newswire press release that stated the company would accept the “fraudulent” claim of the world’s most popular cryptocurrency.

The corporate posted on Twitter that a fraudulent press release was issued this morning, claiming to represent The Kroger Co. and falsely confirming the group would begin to accept Bitcoin Money. This communication is fraudulent, unfounded and should be ignored.

Reuters reports that Kroger and PR Newswire are working together to solve the problem. PR Newswire also removed the fake launch from its website.

Newsweek contacted Kroger and PR Newswire to get more information, but did not receive a reply before publication.

MarketWatch reported on Friday that Bitcoin Money’s value rose by 3.6 percent after the release of the fake memo. Then the price fell and began buying and selling again, according to the outlet.

Bitcoin Money, a form of Bitcoin that was created in 2017, is a cryptocurrency. PayPal, which is used by 29 million people, began allowing users to pay for items using Bitcoin Money earlier this year.

Dan Schulman, PayPal’s CEO and president at the time, said that “enabling cryptocurrencies to be used for purchases in companies around the world will help drive the acceptance and ubiquity of digital currencies.”

Venmo is the latest app that allows users to buy Bitcoin Money or other cryptocurrencies for as low as $1.

Your first crypto purchase does not have to be expensive. Venmo’s website says that you can use the payback from your coffee run yesterday to buy it.

A similar cryptocurrency scam was perpetrated on Walmart in September.

GlobeNewswire sent out a fake press release claiming that Walmart, the largest retailer in the U.S.A., had partnered with Litecoin. Litecoin, a 2011 early Bitcoin spin-off, is a cryptocurrency that was created by a group of developers.

A fabricated quote was attributed to Walmart CEO Doug McMillon in the pretend announcement.

GlobeNewswire’s spokesperson said at the time that “this has never happened before and we have already implemented enhanced authentication steps to prevent this remoted event from happening sooner or later.” “We will work with the appropriate authorities to request and facilitate an investigation into this matter, including any criminal activity.”

The Litecoin Basis also released an announcement clarifying that it had not entered into a partnership right away with Walmart.