Walmart supermarkets start selling bitcoins

About 200 terminals to sell bitcoins were installed in stores operated by Walmart.

The largest U.S. retail chain Walmart has launched a pilot project for the sale of bitcoins. According to RBC, the sale of cryptocurrency to individuals is conducted through special terminals Coinstar. Coinme acts as a partner with the retail giant. 

As of October 2021, about 200 terminals to sell bitcoins were installed in stores operated by Walmart. CoinDesk writes that its employees verified that the service works by purchasing cryptocurrency at one of the retailer’s stores in Pennsylvania.

Coinstar terminals accept cash from buyers and then issue an equivalent of the paid amount in bitcoins (1BTC is worth about $63,500 today) as a coupon. The purchase involves mandatory KYC registration, after which the coupon can be used as a cryptocurrency carrier. The fee for buying bitcoins is 4 to 7 percent. Officially, Walmart has not yet announced information about the launch of the new project.