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American supermarkets started selling bitcoins

Walmart chain of stores began selling bitcoins. You can buy cryptocurrency at ATMs installed in 200 stores of the network. The company plans to increase the number of such ATMs to 800 thousand, writes Forbes.

Photo: Shutterstock

A spokeswoman for one of the largest retailers, Molly Blakeman, said the Coinstar pilot, which kicked off this month, could buy bitcoins from 200 ATMs at Walmart. Overall, Coinstar, known for its ATMs that allow you to exchange cryptocurrencies for cash or gift certificates, plans to offer bitcoins in over 8000 stores.

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When buying bitcoins, customers insert paper bills into a Coinstar ATM, receive a voucher, which, after creating an account and identifying the user with the Coinme operator, can be converted into bitcoins. Coindesk notes on its website that the ATM charges a 4% fee for bitcoin and a 7% fee for exchanging cash.

“This is an expensive way to buy bitcoin, but it lowers the barriers to entry for first-time buyers of cryptocurrency,” explained Sam Doctor, Chief Strategy Officer, Head of Research at BitOoda.

He noted that such ATMs have existed for some time, including in many supermarkets.

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“However, Walmart is expanding access to bitcoin for more people and will give cryptocurrency additional legitimacy among skeptics if they continue the idea after the pilot project,” the expert said.

That being said, as recently as September, Walmart fell victim to cryptocurrency scams. Then a fake press release was published stating that the retailer was planning to allow Litecoin to pay for purchases. After that, the price of the little-known currency jumped for a short time.

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