Bitcoin BTC

Walmart installs 200 Bitcoin ATMs at stores, intends to add more

  • Walmart has installed 200 Bitcoin ATMs at some of its outlets in the United States
  • The retailer intends to make it 8,000 in the coming months
  • There are more than 25,000 Bitcoin ATMs in the United States

Leading retailer Walmart wants to make it easier for people to buy bitcoins.

Walmart installs 200 Bitcoin ATMs

Walmart, one of the leading retailers in the United States, has installed 200 Bitcoin ATMs at some of its outlets in the United States. The company intends to install 8,000 Bitcoin ATMs across its numerous locations in the country.

The retailer partnered with coin-cashing machine company Coinstar and crypto-cash exchange CoinMe and installed 200 AMTs at its stores. In a report by Bloomberg, the retailer intends to make it easier for people to buy bitcoins across most of its stores.

Chief strategy officer and head of research at BitOoda Sam Doctor told Bloomberg that although Bitcoin ATMs are already popular at supermarkets and other outlets across the United States. He stated that

Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot.

According to the report, Walmart customers can use the Bitcoin ATM by inserting a banknote and receiving a paper voucher with a redemption code. For users to redeem the code, they will need to open a Coinme account and complete the available background check. However, users are not allowed to withdraw BTC from their accounts. Walmart didn’t reveal when it intends to enable this function.

The US has more than 25,000 Bitcoin ATMs

Data obtained from Coin ATM Radar indicated that there are currently more than 25,000 Bitcoin ATMs across the United States. Most of the Bitcoin ATMs are located at grocery stores and service stations.

Sign up for our FREE mailing list

Join 12,590 others now and get actionable research and analysis sent directly to your inbox.

Post a Comment

GET YOUR CRYPTO DAILY BRIEF

Delivered daily, straight to your inbox.