Walmart Installs First 200 Bitcoin ATMs -Breaking
[ad_1]
Walmart Installs First 200 Bitcoin ATMs- Walmart customers cannot purchase from any Walmart branch in the US at the moment (NYSE:).
- Coinstar and Coinme have created wallets to hold the Bitcoins bought at Walmart.
Popular US retailer Walmart announced this week that customers can now buy Bitcoins (BTC), at their stores, starting next week. The Coinstar service will only be offered at selected Walmart stores in the United States for now.
The ATM operator has teamed up with Coinme, an exchange that lets you store and buy cryptocurrencies. Coinstar stated that their customers would now be able exchange USD for Bitcoin once the alliance had been announced.
Since 1992, the company is well-known for its ability to allow customers to trade physical coins for gift certificates.
Coinstar gift card function is to act as a wallet from which cash can be withdrawn or purchased. The company receives approximately $43 billion annually for this service.
Out of the more than 20,000 ATMs Coinstar has placed around the globe, 4700 can be found in Walmart. With 200 ATMs, this pilot Bitcoin project is underway.
For BitOoda’s chief strategy officer and head of research, Sam Doctor, while Bitcoin ATMs are nothing new, even in supermarkets, the significance of the Coinstar and Coinme announcement is that “Walmart expands access to Bitcoin to more people and gives it more legitimacy among skeptics, should they implement it beyond an initial pilot.”
The launch of the two Bitcoin ETFs (exchange-traded funds) last week has brought about a record number of accolades for the cryptocurrency on Wall Street as well as in Washington.
Flipside
- If this project is successful and Walmart customers use Coinstar ATMs in Bitcoin to exchange money, then the total number of machines could reach around 8,000.
- Each day, the amount of ATMs for Bitcoin transactions keeps growing. Already, in two years the number has more than quadrupled.
Why you should care
- Bitcoins are being used as payment methods, even though other cryptos such as or have a higher acceptance rate.
- BTC adoption in the US market has been moving without interruption as investors and regulators have assessed its strength.
EMAIL NEWSLETTER
Get the other side of crypto!
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
It takes just 1 click to unsubscribe.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from relying on data including charts, buy/sell signals, and quotes. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
[ad_2]