Retail

Walmart offers bitcoin at Coinstar machines

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October 25, 2021

Walmart Inc. is providing customers an opportunity to buy bitcoin at Coinstar machines in some U.S. stores, according a MarketWatch report.

Coinstar kiosks, which allow consumers to trade in coins for gift cards or paper money, can also be used to purchase bitcoin in partnership with Coinme, a cryptocurrency wallet and exchange.

A Walmart spokesperson said there are 200 Coinstar kiosks in a pilot program.

Walmart shoppers receive a voucher they redeem for bitcoin on Coinme. Each bitcoin purchase incurs 11% in fees, including a 4% transaction fee and a 7% exchange fee.

Walmart customers must use paper money, not coins, to buy bitcoin at Coinstar machines.