Bitcoin Cash Jumped Over $630 Thanks to Kroger’s Fake

On November 5, a press release appeared on the official website for investors of the American supermarket chain Kroger, which stated the intention to start accepting Bitcoin Cash as payment in stores of the network.

CNBC correspondent Dominic Chu tweeted a screenshot of the press release on Kroger’s investor website.

The press release stated that the supermarket chain will begin accepting Bitcoin Cash as payment for goods from December 1, 2021:

“The Kroger Co. (NYSE: KR), America’s largest grocery retailer, announced today that it will start accepting Bitcoin Cash. Starting December 1, 2021, the entire Kroger Family of Stores will accept Bitcoin Cash for all in-store and online purchases”.

“… For the time being, Kroger plans to exchange the cryptocurrency for stable currencies close to the point of receipt but doesn’t rule out the possibility of eventually keeping a percentage of it on its balance sheet…”, Dominic Chu added, citing the press release.

The company later published a rebuttal stating that a press release on the morning of November 5 stated the intention of Kroger Co. accepting Bitcoin Cash was false and should be ignored.

After the news of Kroger’s adoption of cryptocurrency, Bitcoin Cash jumped up to $632.8. At the time of writing, the token was trading at $586.2.

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