They have setup 200 bitcoin Atm machines and planning to add more approximately 8000 in walmart across USA but the fees is way too high and customers will have to bear some extra fees at this time but still we could say that it's nice move and adoption curve will see little upward momentum with it and more and more people can use them.Wallmart is biggest grocery stores across the globe and with this move the bitcoin awareness could be increased as many will surely access them.
Well the fee is nothing to be concern when a person needed funds to pay and badly needed to withdraw what i believe here since Walmart is the biggest grocery in the USA (and also other country as well) and the demand for funds is there so 4% fee is quite high from the Kiosk provider but maybe eventually they will lowered the amount once they find out that less costumer uses their service machine.
Topic: Walmart Sells Bitcoin (Read 569 times)
Well, it's not Walmart itself. Walmart is just hosting Coinstar kiosks which sell Bitcoin. This is in partnership with the crypto wallet and exchange, CoinMe.
Even if this is not directly a Walmart action towards selling Bitcoin yet their participation is quite a big to help this community grow more.this will lead to more adoption from Walmart costumer specially those who has no idea what is Bitcoin all about.
Quote
Do you think this will be successful?
Successful or not? what i am thinking is there will be a positive effect towards Bitcoin and also Walmart users.I'm sure that there will come a time that they will try to adopt or at least Use Bitcoin towards their transacting .
I don't know if that is such a boost to Bitcoin and its ecosystem. As far as I know Walmart charges crazy high fees. I am not sure where they have their businesses in the world, but in the USA why would someone pay a hefty fee for acquiring Bitcoin when that person can just sign up with an exchange?
Doesn't make all too much sense to me.
"The machines charge a 4% fee for the Bitcoin option and a 7% cash exchange fee, Coindesk said."
The machines are not owned by Walmart. Walmart is not the one charging the fees. As I've specified in the OP, Walmart is only hosting Coinstar ATMs which has a partnership with CoinMe in selling Bitcoin. Walmart is only providing Coinstar the place for them to sell Bitcoin so I don't think it is appropriate to blame Walmart for the high fees.
Anyway, Walmart is operating in 24 countries around the world. But I don't think each Walmart store will necessarily install a Coinstar kiosk.
Ok so I should substitute "Walmart" for Coinstar then, but still it would be shocking if people buy in at a 4% markup. Might work out though as there are some lazy people or when Bitcoin goes parabolic and they are just in the middle of a walmart and want to take part in the rally, so they might not even care about the 4% extra (or 4% minus the fee they would pay at an exchange to be precise).
KYC IMO is not a downside, they better understand it better as when a crypto wallet or exchange is regulated, KYC is already automatic.
There's no way you can buy bitcoin in the US without complying with the KYC requirement, so it's just a basic requirement for me.
About Walmart, that's a good thing, people know the store very much and though they are not the one who directly sells bitcoin, there's still a good impact on the people as the business is set up in their stores. I see this as a good form of advertisement.
There's no way you can buy bitcoin in the US without complying with the KYC requirement, so it's just a basic requirement for me.
About Walmart, that's a good thing, people know the store very much and though they are not the one who directly sells bitcoin, there's still a good impact on the people as the business is set up in their stores. I see this as a good form of advertisement.
This isn't really a news story at all. 3rd party vendors exist at all retailers. Whatever "Coinstar" is, Walmart doesn't endorse their internal operations and their decision to accept Bitcoin has nothing to do with Walmart. If the angle is that walmart consumers will now be exposed to Bitcoin, maybe this could be significant but I have my doubts that there'd be residual traffic at these machines from the walmart foot traffic.
What are we expecting? Is it possible that Walmart may be buying or selling bitcoins very soon, or might they approve bitcoin payment too? Look, we can't deny that someone who knows Wallmert might be invested in bitcoin secretly. Because lots of people, companies, and organisations do the same things, they are keeping it secret. Because they are always aware of the need to make money and believe in early steps. So it might be possible. By the way, it's just my speculation, so take it seriously. But if Walmart has a partnership with this step, then we might get a new announcement very soon. It might not be a guaranteed Walmart and bitcoin combination. Don't worry, they're all new fads.'t take it seriously and don't create any fud. Thanks
wow its nice to hear that a bitcoin comes in a big retail store in the county and you think bitcoin can be used for buy and sell abroad how much more I will come to accept bitcoin currency in the worldwide in the future can we can also get bitcoin with an ATM machine to pay anything you want using bitcoin and i think this well be more people to know about bitcoin crypto currency in the world.
I don't know if that is such a boost to Bitcoin and its ecosystem. As far as I know Walmart charges crazy high fees. I am not sure where they have their businesses in the world, but in the USA why would someone pay a hefty fee for acquiring Bitcoin when that person can just sign up with an exchange?
The machines are not owned by Walmart. Walmart is not the one charging the fees. As I've specified in the OP, Walmart is only hosting Coinstar ATMs which has a partnership with CoinMe in selling Bitcoin. Walmart is only providing Coinstar the place for them to sell Bitcoin so I don't think it is appropriate to blame Walmart for the high fees.
Anyway, Walmart is operating in 24 countries around the world. But I don't think each Walmart store will necessarily install a Coinstar kiosk.
Quote
Doesn't make all too much sense to me.
"The machines charge a 4% fee for the Bitcoin option and a 7% cash exchange fee, Coindesk said."
"The machines charge a 4% fee for the Bitcoin option and a 7% cash exchange fee, Coindesk said."
The machines are not owned by Walmart. Walmart is not the one charging the fees. As I've specified in the OP, Walmart is only hosting Coinstar ATMs which has a partnership with CoinMe in selling Bitcoin. Walmart is only providing Coinstar the place for them to sell Bitcoin so I don't think it is appropriate to blame Walmart for the high fees.
Anyway, Walmart is operating in 24 countries around the world. But I don't think each Walmart store will necessarily install a Coinstar kiosk.
Of course. Not every Walmart store will install Bitcoin kiosks. It all depends on customers' needs. People got it all wrong when they say that Walmart is selling Bitcoin. It's just the company (Coinstar) behind the ATMs that's behind all of this. The day when Walmart decides to accept Bitcoin as payment method, would be the day when Walmart officially opens its doors to Bitcoin. There's no rush in this, since there's still a long road ahead before Bitcoin becomes a perfect cryptocurrency. Volatility and scalability issues need to be solved for Bitcoin to become adopted by major businesses and merchants. As long as Bitcoin remains decentralized, nothing else matters. Just my opinion
Even in spite of this process, the price of bitcoin is still growing. Apparently, this news did not affect the price quite as planned.
This is good news because it will make many people curious and invest in bitcoin, Walmart is a large store that exists in many countries and this makes us even more optimistic that the future of bitcoin will continue to improve and last for a long time.
They have setup 200 bitcoin Atm machines and planning to add more approximately 8000 in walmart across USA but the fees is way too high and customers will have to bear some extra fees at this time but still we could say that it's nice move and adoption curve will see little upward momentum with it and more and more people can use them.Wallmart is biggest grocery stores across the globe and with this move the bitcoin awareness could be increased as many will surely access them.
Well the fee is nothing to be concern when a person needed funds to pay and badly needed to withdraw what i believe here since Walmart is the biggest grocery in the USA (and also other country as well) and the demand for funds is there so 4% fee is quite high from the Kiosk provider but maybe eventually they will lowered the amount once they find out that less costumer uses their service machine.
They have setup 200 bitcoin Atm machines and planning to add more approximately 8000 in walmart across USA but the fees is way too high and customers will have to bear some extra fees at this time but still we could say that it's nice move and adoption curve will see little upward momentum with it and more and more people can use them.Wallmart is biggest grocery stores across the globe and with this move the bitcoin awareness could be increased as many will surely access them.
Well, it's not Walmart itself. Walmart is just hosting Coinstar kiosks which sell Bitcoin. This is in partnership with the crypto wallet and exchange, CoinMe.
Even if this is not directly a Walmart action towards selling Bitcoin yet their participation is quite a big to help this community grow more.this will lead to more adoption from Walmart costumer specially those who has no idea what is Bitcoin all about.
Quote
Do you think this will be successful?
Successful or not? what i am thinking is there will be a positive effect towards Bitcoin and also Walmart users.I'm sure that there will come a time that they will try to adopt or at least Use Bitcoin towards their transacting .
I don't know if that is such a boost to Bitcoin and its ecosystem. As far as I know Walmart charges crazy high fees. I am not sure where they have their businesses in the world, but in the USA why would someone pay a hefty fee for acquiring Bitcoin when that person can just sign up with an exchange?
Doesn't make all too much sense to me.
"The machines charge a 4% fee for the Bitcoin option and a 7% cash exchange fee, Coindesk said."
The machines are not owned by Walmart. Walmart is not the one charging the fees. As I've specified in the OP, Walmart is only hosting Coinstar ATMs which has a partnership with CoinMe in selling Bitcoin. Walmart is only providing Coinstar the place for them to sell Bitcoin so I don't think it is appropriate to blame Walmart for the high fees.
Anyway, Walmart is operating in 24 countries around the world. But I don't think each Walmart store will necessarily install a Coinstar kiosk.
Well, it's not Walmart itself. Walmart is just hosting Coinstar kiosks which sell Bitcoin. This is in partnership with the crypto wallet and exchange, CoinMe.
Even if this is not directly a Walmart action towards selling Bitcoin yet their participation is quite a big to help this community grow more.this will lead to more adoption from Walmart costumer specially those who has no idea what is Bitcoin all about.
Quote
Do you think this will be successful?
Successful or not? what i am thinking is there will be a positive effect towards Bitcoin and also Walmart users.I'm sure that there will come a time that they will try to adopt or at least Use Bitcoin towards their transacting .
I don't know if that is such a boost to Bitcoin and its ecosystem. As far as I know Walmart charges crazy high fees. I am not sure where they have their businesses in the world, but in the USA why would someone pay a hefty fee for acquiring Bitcoin when that person can just sign up with an exchange?
Doesn't make all too much sense to me.
"The machines charge a 4% fee for the Bitcoin option and a 7% cash exchange fee, Coindesk said."
Well, it's not Walmart itself. Walmart is just hosting Coinstar kiosks which sell Bitcoin. This is in partnership with the crypto wallet and exchange, CoinMe.
Even if this is not directly a Walmart action towards selling Bitcoin yet their participation is quite a big to help this community grow more.this will lead to more adoption from Walmart costumer specially those who has no idea what is Bitcoin all about.
Quote
Do you think this will be successful?
Successful or not? what i am thinking is there will be a positive effect towards Bitcoin and also Walmart users.I'm sure that there will come a time that they will try to adopt or at least Use Bitcoin towards their transacting .
usually customers will avail the service if it is readily available to them. so these walmart customers, if they see BTC kiosks, they will be curious and maybe they will try checking how to transact with crypto. and since btc is gaining interest from everywhere because of the price increase this year, more then likely, some of them will be interested to get their hands on crypto. we can never tell the adoption it may bring, but for sure, there will be some noncrypto users that later on will be converted to be crypto user. and once they got the taste of using crypto, either they will continue using it or not. and if they will continue, they can easily spread it via word of mouth.
This is actually a breakthrough in fiat transactions over the blockchain.
After all, the popularization of cryptocurrency, together with such a giant as Velmart, will be even faster and more pleasant, here I see some advantages from such a mechanics of selling goods and services. In general, great news and a smart innovation from the owners of this torus network.
Where is the VELMART? is that another Business? sorry but I think I am Losing here After all, the popularization of cryptocurrency, together with such a giant as Velmart, will be even faster and more pleasant, here I see some advantages from such a mechanics of selling goods and services. In general, great news and a smart innovation from the owners of this torus network.
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I don't know what are you talking about here lol.
I think Walmart with selling Bitcoin through CoinMe will be successful, because of the Walmart retail stores that are spread across the US and also the level of trust people have in Walmart.
This is Indeed the advantage of both parties, Bitcoin and also Walmart and CoinMe.
I may think that we are now moving the next level of adoption here.
Well, it's not Walmart itself. Walmart is just hosting Coinstar kiosks which sell Bitcoin. This is in partnership with the crypto wallet and exchange, CoinMe.
Even if this is not directly a Walmart action towards selling Bitcoin yet their participation is quite a big to help this community grow more.this will lead to more adoption from Walmart costumer specially those who has no idea what is Bitcoin all about.
Quote
Do you think this will be successful?
Successful or not? what i am thinking is there will be a positive effect towards Bitcoin and also Walmart users.I'm sure that there will come a time that they will try to adopt or at least Use Bitcoin towards their transacting .
This is actually a breakthrough in fiat transactions over the blockchain.
After all, the popularization of cryptocurrency, together with such a giant as Velmart, will be even faster and more pleasant, here I see some advantages from such a mechanics of selling goods and services. In general, great news and a smart innovation from the owners of this torus network.
After all, the popularization of cryptocurrency, together with such a giant as Velmart, will be even faster and more pleasant, here I see some advantages from such a mechanics of selling goods and services. In general, great news and a smart innovation from the owners of this torus network.
Large scale firms like MicroStrategy, Square, Bitcoin Group were all into cryptocurrency holding. Whenever there is some sort of market crash, they try to accumulate as much possible. This is the first time one of the large scale firm is supporting the adoption and helping with the ease of access.
Walmart which is known around the globe making a partnership with popular Bitcoin ATM manufacturers Coinstar and CoinMe to widen the bitcoin market is a big step. Maybe this will be followed by other firms that have chain of stores. Walmart have laid the first stone at the right time.
Walmart which is known around the globe making a partnership with popular Bitcoin ATM manufacturers Coinstar and CoinMe to widen the bitcoin market is a big step. Maybe this will be followed by other firms that have chain of stores. Walmart have laid the first stone at the right time.
I think Walmart with selling Bitcoin through CoinMe will be successful, because of the Walmart retail stores that are spread across the US and also the level of trust people have in Walmart.
Why would they accept Bitcoin as a means of payment if there is actually no interest from their customers in the matter? Most perceive Bitcoin as an asset that allows them to profit (short-term and long-term), and a smaller part occasionally use it as a currency. Volatility is not a problem for sellers because everyone uses payment processors that automatically convert BTC to fiat - the problem is fees that can sometimes be significant, and that on-chain transactions are not instant.
Bitcoin's adoption is accelerating at a fast pace, so there's that. Walmart's got nothing to lose by accepting Bitcoin as payment method, since it can simply cash it out to Fiat whenever it wants to. The United States is a country where Bitcoin and crypto is widely known by everyday people so there's a possibility customers would want to pay in BTC at Walmart for goods and services. The reason why Walmart hasn't adopted Bitcoin as payment method is simply because of price volatility and limited transaction capacity. If it wasn't by that, it would've made the move already. At least, there are kiosks available to exchange BTC to Fiat (or vice versa) at any Walmart store. No matter how you see it, Coinstar's decision to adopt Bitcoin will greatly benefit Bitcoin's mainstream adoption in the long run.
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