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.