Walmart Installed Over 200 Bitcoin ATMs for Customers in the U.S.

Walmart now has over 200 bitcoin ATMs in its U.S. stores through collaboration with Coinstar and Coinme.

According to reports, the American multinational retail company has introduced bitcoin ATMs across many of its U.S. stores. Although only 200 kiosks were installed, the biggest plan is to install 8,000 bitcoin ATMs more across the country.

In addition, Coin ATM Radar asserted that they are currently more than 25,000 bitcoin ATMs at select grocery stores and service stations in the U.S.

But note that Coinstar runs 4,400 kiosks approved for Bitcoin purchases, across 33 states. Following this news, the Chief strategy officer and head of research at BitOoda Sam Doctor said that while Bitcoin ATMs aren’t a new development, and can already be found at many supermarkets.

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

These ATMs machines will allow customers to insert a banknote and receive a paper voucher with a redemption code. In addition, customers need to set up a Coinme account and complete a background check to redeem the code. However, users can't withdraw BTC from their account with no plans to extend this functionality soon.

Further, the ATMs have an 11% surcharge, including a 4% fee for the Bitcoin option, plus an extra 7% cash exchange fee. However, users complain about these high fees.

A Twitter account also replied saying that Wallmart BTC ATM fees are notoriously high plus the 'current' BTC price is always way higher when buying and lower when selling.

Lark Davis, a crypto analyst also reacted to these high fees. He said, “Wal Mart selling Bitcoin now... cool!”