Wednesday, December 8, 2021
Home Crypto News Market Bloomberg Reports Walmart Has Introduced Bitcoin ATMs In Over 200 Locations Across...

Bloomberg Reports Walmart Has Introduced Bitcoin ATMs In Over 200 Locations Across U.S.

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Thanks to a collaboration with Coinstar and Coinme, Walmart now has more than 200 Bitcoin kiosks in its US stores.

Read: JPMorgan Mentioned Main Factor That Triggered A New Phase Of Significantly Fresh Capital Entering Bitcoin Other Than BTC ETF



Bloomberg report Walmart has introduced Bitcoin ATMs in several of its retail stores in the United States. The pilot includes 200 kiosks in Walmart stores.

Kiosks, a venture between BTC ATM maker Coinstar and bitcoin exchange platform Coinme, are the result of a test conducted in conjunction with Walmart.

Read: Forbes Editor, Avik Roy says BitcoinIs Rarer, Profitable, Secure And Better Form Of Sound Money Than Gold

Coinstar and Coinme are working to implement this initiative on a much larger scale, with plans to offer bitcoin at more than 8,000 kiosks. The service will require customers to create a Coinme account and pass a KYC.

Walmart customers can insert cash bills into the machine, for which they will get vouchers holding bitcoins.

 

Bitcoin kiosks are one of the more expensive ways to get bitcoin because they charge a relatively high fee. These kiosks will charge a 4% fee for bitcoin and a 7% fee for cash exchanges.

Read: Houston Firefighters’ Relief and Retirement Fund Buys $25 Million in Bitcoin And Ethereum

Walmart has discussed integrating cryptocurrencies into their business model in the past, although Walmart does not yet offer direct crypto payments. The company has posted job vacancies for crypto-related positions, including a crypto product manager. Walmart has filed an application for a blockchain-based drone in 2019, although there has been no update on this since then.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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