In what appears as yet another milestone in its crypto adventure, the world’s largest company by revenue, Walmart, has begun offering Bitcoin purchases to its customers via Coinstar kiosks made possible by the crypto ATM firm Coinme.
Walmart communications director Molly Blakeman confirmed this to newsmen via email. “Coinstar, in partnership with Coinme, has launched a pilot that allows its customers to use cash to purchase bitcoin.”
He continued that, “there are 200 Coinstar kiosks located inside Walmart stores across the United States that are part of this pilot.”
This means that all Coinstar machines are now Bitcoin-enabled, as shoppers can now purchase the flagship cryptocurrency in every Walmart store where the machines are located. A journalist tested the service’s functionality by buying a small amount of the asset; interestingly, it worked.
This new service is coming true through the collective effort of Coinstar, best known for allowing consumers to convert coins to paper bills or gift cards, and Coinme, a crypto wallet and payment firm with expertise in Bitcoin ATMs. Coinme is responsible for enabling Bitcoin in the Coinstar machines.
The journalist who tested the service of the Coinstar machine confirmed that it charges a total of 11 percent fee, 4 percent for the BTC option, while the remaining goes for the cash exchange fee. This is also published on the Coinstar website.
It is worth adding that the crypto ATM industry is fast-rising, and it is fuel being by partly by Covid. A company like Coinstar has been increasing its fleet of Coinme BTMs due to increased usage.