American grocer Kroger says Bitcoin Cash press release was fraudulent

Disclaimer: The original article stated that Kroger would accept Bitcoin Cash. This article has been updated to reflect new information.

Kroger, an American grocery chain, has denied that it accepts cryptocurrency payments.

A major retailer claimed that a press release saying it would accept Bitcoin Cash in all its stores and online was a hoax.

According to Reuters Kroger is the second retailer that has fallen prey to this scam.

Kroger was an early participant in cryptocurrency. In 2020, Kroger began offering Bitcoin (BTC), rewards at its stores through the crypto-based rewards platform Lolli.

In various forms, crypto has slowly made its way into the grocery stores vertical. Safeway, another American grocery chain, began offering Bitcoin rewards via Lolli in 2019, similar to Kroger.

Coin Cloud, a crypto ATM company, announced earlier this summer that it was installing machines in 29 HEB supermarkets in Houston, Texas.

The grocery industry will also benefit from cryptocurrencies’ blockchain-based technology. Gartner’s 2019 research found that blockchain technology will be used by 20% of the world’s top 10 grocers by 2025.

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