Walmart partnered up with CoinMe and Coinstar to install 200 Bitcoin ATMs in its stores across the US. It plans to eventually install 8000 Bitcoin ATMs in total across the country, reported by Bloomberg.
With the rising trend of cryptomarket, Walmart has jumped on the bandwagon too. It has partnered with the crypto-cash exchange CoinMe and coin-cashing machine company Coinstar to install 8000 bitcoin ATMs kiosks on its outlets across the country. There have been no details on the timelines, however.
According to Coin ATM Radar, there are approximately more than 25,000 bitcoin ATMs at select service stations and grocery stores in the US. Out of 4,400 kiosks are from Coinstar’s for Bitcoin purchases across 33 states.
The Bloomberg report mentioned:
“Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot.”
This news fascinated many users, while some are not happy about the high fees Walmart is charging. Here is what the users on Twitter and Reddit have to say:
“BTC ATM fees are notoriously high plus the ‘current’ BTC price is always way higher when buying and lower when selling.”
“It’s a ripoff, but at least it’s a sign of adoption — they think some people might want BTC enough to pay huge fees.”
Read the full Bloomberg report here.