Walmart, the big American retail giant, is yet another retailer to introduce Bitcoin ATM machines in its stores scattered throughout the United States. Currently, the company has deployed machines in around 200 of its stores, all powered by Coinstar. Reuters was first to report the partnership between the two companies, a coalition that enables Walmart customers to purchase BTC from Walmart stores.
To purchase crypto coins, clients need only insert a bill or bills after which they receive a voucher. Redeeming the voucher happens only after users have signed up with Coinme and passed a background check.
Sam Doctor, the Chief Strategy Officer and Head of Research at BitOoda, spoke to Bloomberg, another major news outlet, confirmed the presence of the 200 Coinstar booths. He commented that Walmart joins the BTC ATM trend while many other stores have already allowed this feature. Doctor adds that through the inclusion of Bitcoin ATMs many more people will have the purchasing power, which will bring about “further legitimacy among skeptics“. And considering how many customers Walmart has, it is no wonder that Walmart reps are being optimistic.
This news come after Walmart was a victim of a piece of fake news relating to crypto, that was later debunked. In which the retail giant was said to have been accepting Litecoin as a payment method.
