Digital Assets: Coinstar Bitcoin ATMs Seen At Walmart Stores

October 22, 2021 | Digital Assets, News
https://dailyalts.com/wp-content/uploads/2021/10/pic-hero-bitcoin.jpg

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

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/05/Michael-Saylor_HQ-2-scaled.jpg
Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”
May 20, 2022     Digital Assets, News

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…

https://dailyalts.com/wp-content/uploads/2022/05/bacteria-g0d4c93622_640-overlay.png
Digital Assets: Traditional Markets Could Suffer Contagion From (Un)Stablecoins (SEC Chair Gensler)
May 20, 2022     Digital Assets, News

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.”…

https://dailyalts.com/wp-content/uploads/2022/05/xendit-unit-combined.jpg
Venture Capital: Big-Ticket Funding Rounds In Fintechs
May 20, 2022     FinTech, News, Venture Capital

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,…

https://dailyalts.com/wp-content/uploads/2022/05/Hero_image_with_QR_code.jpg
FinTech: Sam Bankman-Fried Led FTX.US Makes Inroads Into Stock Trading
May 20, 2022     Digital Assets, FinTech, Latest News, News

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…