Walmart to accept payments in crypto Litecoin

Walmart (WMT +0.7%) announces major partnership with Litecoin (LTC-USD) that allows shoppers to make payments with cryptocurrencies. The news sent the crypto Litecoin up 23% to trade around $225. The ecommerce giant says it will launch "Pay with Litecoin Option" on October 1st that will provide all shoppers globally to checkout through crypto payment at near-zero fees. "The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers. As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience," says Doug McMillon, Walmart CEO. Charlie Lee, Litecoin's creator and the CEO of Litecoin Foundation shared, "LTC's super low fees and fast transaction times are perfect for a leading eCommerce store like Walmart. We are thrilled and extremely excited that our cryptocurrency is now supported by Walmart, opening up more opportunities for any merchants