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Walmart Begins Bitcoin ATM Pilot at 200 American Stores
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The American retail behemoth Walmart has begun a crypto pilot that involves installing bitcoin (BTC) using ATM machines at 200 of its outlets in the United States.
The pilot involves the firm Coinstar, which operates the machines and is rolling out 8,000 devices across the country, in partnership with the crypto exchange Coinme, per Reuters and Bloomberg.
A spokesperson for the retailer stated that the pilot had “begun earlier this month.”
However, as it's usual for BTC ATMs, it's a low-cost process. The ATMs reportedly charge a 4% fee for buying bitcoin, and a 7% cash exchange fee.
Bloomberg quoted Sam Doctor, the Chief Strategy Officer and Head of Research at the crypto brokerage BitOoda, as calling the move “an expensive way to buy
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