Bitcoin at Walmart: You can now buy crypto at select Coinstar kiosks nationwide

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Walmart has launched a pilot program to allow buyers to buy Bitcoin from Coinstar kiosks in some of its U.S. stores, CoinDesk reported.

See: Walmart Announces Black Friday Sales – Plan Major Transactions In Advance Find: Offset Crucial Bitcoin Tax While You Can – This lucrative loophole could end in 2022

“Coinstar, in partnership with Coinme, has launched a pilot project that allows its customers to use cash to buy bitcoin,” a Walmart spokesperson told CoinDesk. “There are 200 Coinstar kiosks located in Walmart stores across the United States that are part of this pilot.”

Coinme, a licensed cryptocurrency exchange in the United States, has already set up Bitcoin-enabled Coinstar kiosks in Florida, including 300 at Winn-Dixie, Fresco y Mas, Harveys and other Florida grocery stores, the company said. in April.

Each purchase incurs a transaction fee of 4% and a currency exchange fee of 7%, according to the Coinstar website. Coinstar was founded in 1991 and is best known for allowing customers to turn loose change into bills or gift cards.

Coinstar said it allowed Coinme to sell Bitcoin on its kiosks because it “recognizes that a diverse population has varying payment preferences. As the use of bitcoin expands around the world, our customers will seek greater access to the purchase and use of this new form of currency. Coinstar’s flexible platform and its cash acceptor on select kiosks allow Coinme to reach a large customer base to easily provide bitcoin locally, ”according to its website.

See: Netflix Partners With Walmart To Sell “Squid Game” And “Stranger Things” Show MerchFind: Can I Buy Crypto With A Credit Card?

Last month, a fake “major” Litecoin-Walmart partnership was announced, which briefly sent the crypto soaring. Walmart issued a statement at the time, claiming it was the subject of a fake press release issued on Monday, September 13, which “falsely stated that Walmart announced a partnership with Litecoin (LTC). Walmart was unaware of the press release issued by GlobeNewswire, and it is incorrect. Walmart has no relationship with Litecoin, ”the statement said.

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About the Author

Yaël Bizouati-Kennedy is a former full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She has also worked as a vice president / senior content writer for major New York-based financial firms including New York Life and MSCI. Yaël is now a freelance writer and more recently she co-authored the book “Blockchain for Medical Research: Accelerating Trust in Healthcare”, with Dr Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, one in journalism from New York University and one in Russian studies from Toulouse-Jean Jaurès University, France.

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