Litecoin
Chris Ratcliffe | Bloomberg | Getty Images
Walmart, the biggest retailer in the U.S., will accept cryptocurrency for payments from shoppers, the company announced in a press release on Monday.
The payments option will utilize litecoin, which jumped more than 20% Monday in reaction to the news.
Litecoin is one of the oldest of the cryptocurrencies, often thought of as a digital silver to bitcoin’s digital gold. Like bitcoin, it’s decentralized and uses the same code, but is faster and cheaper.
This article was originally published by Cnbc.com. Read the original article here.