Walmart installs Bitcoin ATMs

Table of Contents

Join our community

Estimated reading time: 0 minutes

Walmart installs Bitcoin ATMs

The American supermarket giant is one of the largest, if not the largest retailer in the world. So when a company like Walmart starts accepting Bitcoin, or any other cryptocurrency, it is tremendously good news. Walmart seems to be moving step by step closer to full adoption of Bitcoin. Who knows, they may even start accepting it as a form of payment soon! In fact, they recently installed thousands of Bitcoin vending machines.

Walmart’s Bitcoin ATMs

In fact, the installation of these ATMs by Walmart is part of a pilot. 200 machines will be installed in phase 1, but the plans are to add at least 8,000 to this. According to Bloomberg, one of America’s largest news sources, Walmart is collaborating in this project with the manufacturer Coinstar and the broker CoinMe.

At such a machine, customers can enter bill money, just like you can at a normal ATM. In exchange for the money they enter, they receive a voucher containing a conversion code. This code can then be exchanged for Bitcoin after creating a CoinMe account. So it is impossible to do this anonymously.

Unfortunately, there is a small catch. Walmart charges a huge fee in this matter. In fact, the fee you have to pay is a whopping 11% in total. So you could say that it’s almost not worth the effort. In fact, to redeem $100 you pay $11.

Hopefully this will become cheaper in the future and the machines at Walmart will be a great success! This could mean that they will also accept Bitcoin as a method of payment. Let us hope so!

Do you want to anticipate this? You can buy your first bitcoin in 5 minutes by using Binance.

Crypto_Library_logo_512x512_svg

Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.

Are you ready to take your trading skills to the next level?

"Trade Like a PEPE" is the ultimate course that will transform you into a confident and profitable trader! 📈

🐸 Transform into a confident and profitable trader

📈 Master technical analysis, risk management, and market psychology to navigate the crypto markets like a pro.

🔍 Develop a proven trading plan and spot high-probability setups.

Safe your spot!