Walmart customers can now buy bitcoin at many of its stores in the U.S.

In a pilot operation, Walmart (NYSE: WMT) has allowed the installation of 200 Coinstar kiosks across US stores that work with crypto wallet firm Coinme and exchange cash for bitcoin. Walmart shoppers can therefore buy bitcoin at their local Walmart along with their groceries. (COINDESK)

Coinstar which lets customers trade their loose coins for currency notes or gift cards has implemented bitcoin transactions on its machines in a tie-up with crypto wallet and payment firm Coinme.

Coinstar machines only take paper bills

As verified by Coindesk via an actual transaction, machine accepts paper bills only for bitcoin transactions. Once inserted, the machine issues a paper voucher. The customer needs to first open a Coinme account and validate their KYC to be able to redeem their voucher.

However, the service is not cheap. The Coinstar machine charges a 4% fee for accessing the bitcoin option. There’s an additional 7% fee for the exchange of cash into bitcoin. There is also a transaction ceiling of $2,500 per day.

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