Wal-Mart begins trial introduction of 'Bitcoin ATM'

Wal-Mart, the world's largest retailer, has installed a total of 200 ATMs of 'Coinstar ' equipped with a Bitcoin purchasing function at dozens of stores in the United States.

Walmart Has Quietly Begun Hosting Bitcoin ATMs
https://www.coindesk.com/business/2021/10/21/walmart-has-quietly-begun-hosting-bitcoin-atms/

Walmart (WMT) Offering Bitcoin (BTC) at Some Coinstar Kiosks --Bloomberg
https://www.bloomberg.com/news/articles/2021-10-21/walmart-shoppers-can-now-buy-bitcoin-at-200-kiosks-in-its-stores

Walmart To Install 200 Bitcoin ATMs In The US | Benzinga
https://www.benzinga.com/markets/cryptocurrency/21/10/23515818/walmart-to-install-200-bitcoin-atms-in-the-us

Walmart Rolls Out Installation of Bitcoin ATMs | PYMNTS.com
https://www.pymnts.com/news/bitcoin-tracker/2021/walmart-rolls-out-first-installation-of-bitcoin-atms/

Coinster's ATMs offer a service that allows you to exchange inserted coins for banknotes and gift cards. In addition, the one newly installed at Wal-Mart this time is a model equipped with a function to 'receive the inserted banknotes with a paper exchange ticket with a Bitcoin exchange code written on it.' A 4% transaction fee and a 7% cash exchange fee will be charged when purchasing Bitcoin, and in order to use the purchased Bitcoin redemption code, it is necessary to open an account of the crypto asset settlement company Coinme and complete the identity verification procedure. There is.

Below is an image of actually purchasing Bitcoin at this ATM. Only banknotes are accepted when purchasing Bitcoin, not coins. In addition to the input amount, the screen clearly shows the fee and the amount of Bitcoin actually purchased.

Wal-Mart started the trial introduction of Bitcoin ATM, and the number of terminals reportedly installed this time was only 200, but it is planned to install a total of 8000 in stores in the United States in the future.

According to the information that CoinDesk was obtained from officials of detail reported encryption asset specialized news site about this single item, 'of encryption assets currency litecoin to rumors in September 2021 that it becomes able to use the Wal-Mart of payment.' It is said that Walmart has forgotten the official announcement that it has installed a Bitcoin ATM this time because it has been on the market.

The price of Litecoin soars due to the hoax that 'Litecoin, a crypto asset will be available at Wal-Mart' --GIGAZINE

In response to CoinDesk asking for comment on the matter, Wal-Mart Communications Director Molly Blakeman said, 'Coinstar has partnered with Coinme to launch a pilot program that allows customers to use cash to buy Bitcoin. 200 Coinstar terminals installed in Wal-Mart stores across the United States will be used for this pilot program. '

CoinDesk reports that 'I was able to actually buy Bitcoin at the Wal-Mart store in Pennsylvania on October 12, 2021', but mentioned when the Bitcoin ATM used at that time was installed. did not do it.