Wallmart Installs 200 Bitcoin ATMs Via Coinstar & CoinMe

Walmart has over 200 Bitcoin ATMs in its stores across the United States, with plans to add 8,000 more in the coming months.


Over the last few months, the cryptocurrency field has welcomed a slew of major corporations, and Walmart has now joined the ranks.

As part of its entry into the cryptocurrency industry, Walmart has teamed with Coinstar, a coin-cashing machine firm, and CoinMe, a crypto-cash exchange.

At its many sites around the United States, the company has placed 200 Bitcoin ATMs.

Customers will be able to buy bitcoins at Walmart stores across the United States thanks to the installation of Bitcoin ATMs. Over the next few months, Walmart plans to install at over 8,000 shops across the United States.

Sam Doctor, the Chief Strategy Officer and Head of Research at BitOoda, said in an interview that while Bitcoin ATMs are currently popular in the United States, Walmart wants to expand their reach.

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

Data obtained from Coin ATM Radar showed that there are currently more than 25,000 Bitcoin ATMs at service stations and grocery stores across the United States. Coinstar presently has over 4,400 kiosks in 33 states that accept Bitcoin purchases.

BITCOIN ATTAINED ATH

On Tuesday, Bitcoin hit a new all-time high of $67,000. The cryptocurrency has been on a tear since the beginning of the month, reaching a high of $67,500 just 48 hours ago.

BTC, on the other hand, has now calmed after the rise. BTC has dropped 2.1 percent in the last 24 hours and is currently trading slightly above the $63,300 mark.

Following its recent run, the coin is correcting but could restart its upward trend if the bulls take control of the market.

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