Walmart installs terminals in stores for buying and selling bitcoins with a large commission

In October 2021, Walmart began installing terminals in its supermarkets for the purchase and sale of bitcoins. The commission for operations was very high.

The devices were developed by Coinstar, which is known for ATMs that allow you to exchange coins for bills. In total in supermarkets of network 200 such devices are placed, the director of communications of Walmart Mollie Bleykman told the CoinDesk edition.

To get Bitcoin, the client needs to insert a bill into the terminal and receive a paper ticket with a code. After that, the buyer needs to register on the website of the wallet CoinMe and undergo verification. According to the Coinstar website, the machine charges a commission of 4% for the purchase of Bitcoin and another 7% for the exchange of cash. Coinstar has teamed up with the Coinme crypto exchange, in their plans to install more than 8,000 such kiosks.

Walmart installs terminals in stores for buying and selling bitcoins with a large commission

Bitcoin ATMs are in other stores in the United States, but Walmart will greatly increase their number and make cryptocurrency more reliable for those who do not believe in it, said Sam Doctor, director of strategy and head of research at cryptobroker company BitOoda.

This is not the first news related to Walmart and cryptocurrencies in 2021. In September, the retail chain became a victim of fraudsters. A fake message appeared on the website for press releases of GlobalNewswire companies, according to which the American retailer will begin to accept Litecoin cryptocurrencies to pay for goods. The cost of Litecoin jumped, but after the company denied the message, it quickly played back.

According to Bloomberg, despite the fact that this message turned out to be false, Walmart assesses the possibility of using cryptocurrencies in its operations. In August 2021, she announced the vacancy of a specialist in development strategy in the field of digital currencies.^[1]

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