Walmart Adds Bitcoin ATMs

2021-10-22 15:48:42

The biggest company on the planet revenue-wise, Walmart, is offering customers the option to purchase bitcoin from crypto ATMs. In order to make this project work, Walmart partnered with Coinstar, and consequently Coinme.

At this moment, there are 200 Coinstar ATM kiosks in Walmart stores throughout the United States. Moreover, Walmart communications director, Molly Blakeman confirms this in an official statement:

Coinstar, in partnership with Coinme, has launched a pilot that allows its customers to use cash to purchase bitcoin. There are 200 Coinstar kiosks located inside Walmart stores across the United States that are part of this pilot.Molly Blakeman | Walmart Communications Director

Consequently, Coinstar deals with logistics, while Coinme provides its crypto wallet services. In fact, Coinme is a payment provider with a speciality in bitcoin ATMs.

When you insert a bill into the ATM, you will receive a paper voucher. Next, you need to have a Coinme account in order to proceed. You will notice that there is a KYC verification before the ATM issues the paper voucher.

The last thing you need to know is that there is a 4% fee for bitcoin. In addition, there is also a 7% exchange fee. All of this information is available on the Coinstar official website.

The crypto-infusion into the Walmart stores with the bitcoin ATMs is only further solidifying the chain giant as the number one in its category. Consequently, it won’t be a surprise if pretty soon all of the 4.700 Walmart stores get a bitcoin ATM.

This is not the first time Coinstar partners with a retail giant and set crypto ATMs. The most recent such venture was in 2019 when Coinstar set 300 bitcoin ATMs at several stores in Florida. These include Fresco y Más, Harveys and Winn-Dixie, among some of the biggest names.

According to Coinstar’s official statement in 2020, this is only the beginning. The company plans to double its 3.500 bitcoin ATM fleet, especially since the demand for the machines is so high.

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