Walmart Terms Crypto Payments Partnership with Litecoin News as Fake 

Following a press release by GlobeNewswire, Walmart has denied Litecoin partnership claims. The institutions' spokesman Randy Hargrove stated that the press release is fake. He also mentioned that the retailer urges the news site to investigate how the piece ended up public. The news seemed to quote Doug McMillon, Walmart's CEO, portraying a "Major Partnership." Litecoin had at some point tweeted about the partnership, but the tweet has somehow disappeared. Litecoin dramatic fall According to Coin Metrics, Litecoin has since then traded down…

How Crypto Creates Oligopoly Among Payment System Providers

A cryptocurrency is a digital currency stored in a public ledger known as a blockchain. The public ledger stays distributed among nodes that make it difficult to alter. As a result, the digital asset can get transferred securely and trustfully. The distributed ledger technology is decentralized.  Users can transact peer to peer without having to go through tedious bank processes. Well, that can make an excellent payment method for merchants, right? So it's no surprise that crypto payment systems are…