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Kroger “Bitcoin Cash press release was fraudulent”

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American grocery store chain Kroger has denied claims that it is accepting cryptocurrency payments.

The major retailer said that a press release stating it would accept Bitcoin Cash (BCH) at all of its stores, as well as for online purchases, was a hoax.

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

Kroger has previously dabbled in the cryptocurrency space; in 2020, the firm began to offer Bitcoin (BTC) rewards at its store through crypto-based rewards platform Lolli. 

Crypto has gradually found its way into the grocery store vertical in various forms. In 2019, Safeway — another major American grocery chain — began offering Bitcoin rewards through Lolli, similar to Kroger. 

Cryptocurrencies’ underlying blockchain technology has also been slated to play an important role in the grocery industry. A 2019 study by research firm Gartner predicted that 20% of the top 10 global grocers will be using blockchains by 2025.

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