Walmart launches new crypto pilot program, installs 200 Bitcoin ATMs in stores By BTC Peers
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© Reuters. Walmart introduces a new pilot program for crypto, and installs 200 Bitcoin ATMs at its storesWalmart, a multinational American retail company (NYSE:), has launched a pilot program to allow customers to include digital assets in their shopping carts as part of an effort to adapt to the growing popularity of cryptocurrencies. The firm also installed Bitcoin-dispensing machines in some of its stores.
According to Reuters Walmart installed 200 kiosks within its US stores in cooperation with CoinMe, a digital currency exchange platform, and Coinstar to enable customers to order.
The machines can be accessed by customers who need to insert money. They will then receive a voucher. Before the buyer can retrieve their Bitcoin voucher, they will need to choose a CoinMe wallet.
Coinstar states that BTC purchase fees are 4% and 7% respectively.
The launch follows an announcement from Walmart that stated that it was seeking a cryptocurrency product lead to spearhead the company’s digital currency strategy back in August. Walmart fell for a hoax just a few months later when fake rumors circulated on media networks that claimed the company was teaming up with LTC (popular peer-to-peer payment network).
Bloomberg reported that Walmart’s pilot program is part of a larger scheme by Coinstar to install 8,000 BTC dispensing kiosks around the country.
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