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10/25/2021

Walmart Adding Coinstar ATMs With Bitcoin Capabilities

Walmart has quietly been adding ATMs that allow users to purchase bitcoin at its stores in a pilot with Coinstar.
Bitcoin

Shoppers in stores can purchase bitcoin, one of the most popularized cryptocurrencies, at Coinstar machines. The news was first reported by Coindesk

“Coinstar, in partnership with Coinme, has launched a pilot that allows its customers to use cash to purchase bitcoin,” Walmart Communications Director Molly Blakeman told CoinDesk via email. “There are 200 Coinstar kiosks located inside Walmart stores across the United States that are part of this pilot.”

The news follows a recent rumor that Walmart would begin taking cryptocurrencies, including litecoin, as payment. However, a press release announcing the news turned out to be fake

Coinstar machines typically enable consumers to exchange coins for cash bills. The bitcoin feature enables customers to buy the cryptocurrency through Coinme, a crypto wallet and payment firm that specializes in bitcoin ATMs (BTMs). Once purchased, customers receive a paper voucher that can be redeemed once an account with Coinme has been opened. 

The news underscores rising interest in cryptocurrencies across the retail industry. A handful of retailers have allowed various cryptocurrencies as payment, including Tesla and Sheetz convenience stores. Several retailers, including Walmart, have also recently announced job postings for cryptocurrency roles, igniting speculation that the businesses are looking to jump into the crypto space.