According to Walmart communications director Molly Blakeman, Coinstar, in collaboration with Coinme, has launched a test that enables consumers to buy bitcoin with cash. He went on to say that the pilot includes 200 Coinstar terminals positioned within Walmart shops throughout the United States.
Coinstar is most recognized for letting customers exchange coins for cash, gift cards, or paper notes. Coinme, a cryptocurrency wallet and payment company specializing in bitcoin ATMs, has made it possible to purchase bitcoin (BTMs).
A paper voucher is given once bills are inserted into the machine. Before the coupon can be used, you must first create a Coinme account and pass a know-your-customer (KYC) check. According to the Coinstar website, which CoinDesk confirmed, the machine costs a 4% fee for bitcoin and a 7% fee for cash conversion.
Following a scam last month in which a bogus press release stated that litecoin (LTC) would be accepted as payment in Walmart shops, CoinDesk tested the service out of an excess of caution. The bitcoin-Bentonville link is genuine this time. According to a person familiar with the pilot, the Litecoin fiasco has deterred Walmart, located in Bentonville, Ark., from publishing a press announcement.
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Topic: Walmart supports Bitcoin ATMs (Read 85 times)