Retail giant Walmart says bitcoin can now be purchased at 200 of its stores across the United States. Cryptocurrency is offered at Coinstar kiosks located in Walmart stores. Coinstar currently offers bitcoins at more than 8,000 kiosks.
Buy Bitcoin at Walmart
Bitcoin can now be purchased at 200 Walmart stores across the United States, the company said on Thursday. This is part of a pilot program with Coinstar, which operates machines that allow customers to exchange US coins for paper bills or gift cards. The pilot began earlier this month, according to Walmart spokeswoman Molly Blakeman.
To purchase bitcoin at Walmart participating stores, customers must visit a Coinstar kiosk located at Walmart. They must have an account in the Coinme cryptocurrency exchange currency and each purchase incurs a 4% transaction fee and a 7% cash exchange fee. Buyers will receive a coupon that can be redeemed for BTC instantly at Coinme. Coinstar noted, “You can only use paper money to buy Bitcoins from Coinstar”, noting that coins are not accepted for BTC purchases.
Coinstar and Coinme have collaborated to offer bitcoin at more than 8,000 kiosks, including all 200 of Walmart’s locations. Coinstar kiosks can also be found at other retail and supermarket chains, including CVS, Hy-Vee, Winn-Dixie, Fresco y Mas and Harveys.
Walmart was recently the victim of a false press release claiming that the retail giant was preparing to accept litecoin in its stores.
Meanwhile, Walmart is investigating how cryptocurrencies might fit into its business. In August, the company posted a job offer for a “cryptocurrency and digital currency product manager.” Walmart explained: “As an expert in digital currencies / cryptocurrencies and related blockchain technologies, you will lead the roadmap vision and product features. “