Connect with us

Plato Vertical Search

Blockchain News

Walmart Installing Bitcoin ATMs in its Retail Stores

Walmart Inc, the world’s largest retailer, announced on Thursday, October 21, that customers at some of its U.S. stores will be able to buy Bitcoin using ATMs installed by Coinstar. - 2021-10-22T172542.480.jpg

Walmart stated that it has begun a pilot program where consumers can purchase Bitcoin as Coinstar kiosks in some of its U.S. stores.

Molly Blakeman, Walmart communications director, talked about the development and stated that:

“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.”

Mr. Blakeman said that the pilot test by Coinstar started earlier this month, and the pilot program includes 200 kiosks in Walmart stores.

The program is part of a broader initiative by Coinstar, which has partnered with a cryptocurrency exchange and payment firm called CoinMe that specializes in Bitcoin ATMs, to allow customers to purchase Bitcoin at some of its kiosks.

The Walmart spokesperson stated that there are 200 Coinstar kiosks located inside Walmart stores across the U.S. that will allow consumers to purchase Bitcoin.

Coinstar, which is best known for its machines that allow customers to exchange physical coins for cash, plans to provide Bitcoin at more than 8,000 kiosks worldwide.

Walmart Expanding Its Virtual Payment Options

Walmart is testing the pilot service program weeks after the firm became a subject to a cryptocurrency hoax in September when a fake press release was published, claiming that Litecoin (LTC) would be accepted as payment at Walmart stores. The phoney news sent values of the little-known crypto token surging.

Advertisement. Scroll to continue reading.

Though the announcement was false, Walmart is examining the future of cryptocurrency in its business operations.

As reported by Blockchain.News in August, Walmart advertised to hire cryptocurrency experts to help the firm develop “the digital currency strategy and product roadmap” while identifying “crypto-related investment and partnerships,” a time when an increasing number of Fortune 500 companies warm up to digital currencies.

Image source: Shutterstock
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/walmart-installing-bitcoin-atms-in-its-retail-stores


Related Streams


Most internet traffic comprises bots. According to a report by the security firm Imperva, persistent bots accounted for 57% of the internet traffic. The...

Blockchain News

Ethereum DeFi users reached a historic high of 4 million based on continued adoption. (Read More) PlatoAi. Web3 Reimagined. Data Intelligence Amplified. Click here...

Blockchain News

By the close of the year, Bitcoin (BTC) is set to make the highest transfer volume of $45 trillion, a scenario not seen in...

Blockchain News

Invesco has finally launched a physical Bitcoin exchange-traded product in Europe, just after a few weeks of withdrawing a filing for a Bitcoin future...