Walmart Inc, the world’s largest retailer, announced Thursday October 21st that customers in some of its U.S. stores will be able to purchase Bitcoin using ATMs installed by Coinstar.
Walmart said it has launched a pilot program that will allow consumers to purchase Bitcoin as Coinstar kiosks in some of its U.S. stores.
Molly Blakeman, Walmart’s communications director, spoke about the development, explaining:
“Coinstar, in partnership with Coinme, has started a pilot project that enables its customers to buy Bitcoin with cash. There are 200 Coinstar kiosks in Walmart stores in the US that are part of this pilot. “
Mr Blakeman said the Coinstar pilot test began earlier this month and the pilot program will include 200 kiosks in Walmart stores.
The program is part of a broader initiative by Coinstar that has partnered with a cryptocurrency and payments company called CoinMe, which specializes in Bitcoin ATMs, so customers can buy Bitcoin at some of their kiosks.
The Walmart spokesman stated that there are 200 Coinstar kiosks in Walmart stores in the US that allow consumers to buy Bitcoin.
Best known for its ATMs that allow customers to exchange physical coins for cash, Coinstar plans to offer Bitcoin at more than 8,000 kiosks around the world.
Walmart is expanding its virtual payment options
Walmart is testing the pilot service program weeks after the company was exposed to a cryptocurrency hoax in September when a fake press release was released claiming that Litecoin (LTC) would be accepted as a form of payment in Walmart stores. The false messages sent values of the little-known crypto token skyrocketing.
Although the announcement was false, Walmart is investigating the future of cryptocurrency in its business operations.
As reported by Blockchain.News in August, Walmart has advertised hiring cryptocurrency experts to help the company develop the “digital currency strategy and product roadmap” while identifying “crypto-related investments and partnerships,” a time when In the increasing number of Fortune 500 companies are warming up for digital currencies.
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