US grocer Kroger claims Bitcoin Cash press release was fraudulent – .

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US grocer Kroger claims Bitcoin Cash press release was fraudulent – .


Disclaimer: This article originally stated that Kroger would accept Bitcoin Cash. It has since been modified following new information.
U.S. grocery chain Kroger has denied claims it accepts cryptocurrency payments.

The large retailer said a press release saying it will accept Bitcoin Cash (BCH) in all of its stores, as well as for online purchases, was a hoax.

According to Reuters, Kroger is the second retailer to be the victim of such a scam recently.

Kroger has dabbled in the cryptocurrency space before; In 2020, the company started offering Bitcoin (BTC) rewards in its store through the crypto-based rewards platform Lolli.

Crypto has gradually found its way into the grocery vertical in various forms. In 2019, Safeway – another major US grocery chain – started offering Bitcoin rewards through Lolli, like Kroger.

Earlier this summer, ATM crypto firm Coin Cloud announced that it was preparing to install machines at 29 HEB supermarkets in Houston, Texas.

The underlying blockchain technology of cryptocurrencies is also expected to play an important role in the grocery industry. A 2019 study by research firm Gartner predicted that 20% of the world’s 10 largest grocers will use blockchains by 2025.

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