Walmart Allows Purchasing Bitcoin via ATMs

by in Cryptocurrency News

Walmart CoinStar Bitcoin ATMs

Leading retail company Walmart hosts Bitcoin ATMs to allow store visitors to buy Bitcoin at its numerous US-located stores.

Related: Bitcoin Hit a New All-Time High Surging Over $66.000

For this purpose, Walmart hosted machines from Coinstar, a company that provides services of coin conversion to cash. Coinstar, cooperating with the first U.S. state-licensed Bitcoin ATM company Coinme, has started a pilot that enables customers to buy BTC using cash.

According to Bloomberg, director of communications at Walmart, Molly Blakeman said that there are 200 Coinstar kiosks placed at the stores as a part of the vision. The company plans to offer over 8000 kiosks in the future.

Support from a major company like Walmart is essential for the crypto industry, indicating interest and confidence in crypto. Earlier, in August, the company posted a job announcement saying it was looking for a digital currency and crypto product lead.

Data from February 2021 published by Statista show that the number of Bitcoin ATMs has been growing each month, reaching new highs in 2021. The leading country by the number of machines is the U.S. Next, come Canada, the U.K., and Austria.