Digital Assets: Coinstar Bitcoin ATMs Seen At Walmart Stores

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.
Related Story: Eyeing The Crypto Space, NCR Buys Bitcoin ATM Provider Libertyx

Latest Alternative Investment News

Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”
Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), who is permanently bullish on bitcoin, reiterated his positive outlook for the leading crypto in an interview on Thursday. Note that MicroStrategy currently…

Digital Assets: Traditional Markets Could Suffer Contagion From (Un)Stablecoins (SEC Chair Gensler)
The crypto world was dealt a body blow by the collapse of the TerraUSD (UST) stablecoin earlier this month. The Terra meltdown is now being referred as crypto’s “Lehman moment.”…

Venture Capital: Big-Ticket Funding Rounds In Fintechs
Fast-growing, Southeast Asia-focused payments infrastructure platform Xendit closed on a US$300 million Series D funding co-led by Coatue and Insight Partners with additional investment from Accel, Tiger Global, Kleiner Perkins,…

FinTech: Sam Bankman-Fried Led FTX.US Makes Inroads Into Stock Trading
FTX Stocks is an equity trading platform offered through the FTX US trading application. FTX US announced Thursday a private beta phase trading on the platform for US customers selected…