Walmart installs 200 bitcoin ATMs in US stores

Walmart has installed 200 Bitcoin ATMs in its U.S. stores and plans to install up to 8000 kiosks in the future. So read more on our latest bitcoin news today.

The American multinational retail conglomerate will allow customers to purchase BTC from ATMs installed in select stores across the United States, and the initiative has become possible after the merger, a new partnership between retail giant Coinme and Coinstar. Walmart has been involved with crypto in the past, but a few months ago it got embroiled in a fake story with Litecoin because of a partnership that allegedly allowed customers to make payments in crypto. While the rumors in the digital asset space were buzzing, they were actually fake and the market was headed south.

For now, however, reports from Bloomberg suggest the company has actually partnered with Coinstar, known for its ATMs that can exchange physical coins for cash. The latter already offers 200 Bitcoin ATMs at Walmart in the US, while the broader plan is to increase the number to 8,000. Sam Doctor, Chief Strategy Officer at BitOoda said installing kiosks in stores was a growing trend in the country but later noted that Walmart stands out from its competitors because its reach can reach a significant percentage of society:

“However, Walmart is expanding Bitcoin access to more people and giving skeptics even more legitimacy should they use it beyond an initial pilot project.”

All customers who want to use a new service have to insert a coin into the Coinstar machine and receive a paper voucher. You’ll need to set up a Coinme account and do a full background check to redeem the code. Fees are included as ATMs charge a 4% fee for the BTC option with an additional 7% fee for cash conversion. While this is a fairly expensive way to buy Bitcoin, it lowers the barriers to entry for all first-time buyers.

Walmart has installed these machines since many other retail chains installed them in their stores.

Bitcoin is the leading digital asset and the most popular, but there are other crypto assets that US citizens can buy at some kiosks. CoinFlip has decided to list DOGE on 1,800 crypto ATMs in 46 states as the company’s CEO and co-founder Daniel Polotsky says the move will allow the public to familiarize themselves with the meme one at a time. If you take a closer look at the number of crypto ATMs per country, the US leads the way. The country has 17,436 ATMs according to the latest data, and Canada ranks second with 1,400 ATMs.

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