Bitcoin Forum

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.

For those who have been into Bitcoin for some time, this may not sound interesting at all. But given the fact that this is Walmart, the largest retail company in the world, bringing Bitcoin to the masses, this is rather big. This is bringing Bitcoin to the mainstream. For a start, because this is still in the pilot phase, 200 Coinstar kiosks are installed inside various Walmart stores across the US. If this is successful, this might become bigger in the future considering that Walmart has thousands of stores in the US.

The good thing with Coinstar kiosks is that retail buyers are allowed to buy small amounts of Bitcoin for as long as they're paying with paper bills. The downside, however, is that you are required to setup a CoinMe account which requires KYC. In addition, there is also a 4% transaction fee plus another 7% cash exchange fee.

Do you think this will be successful?

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Sources:
1. https://www.reuters.com/business/walmart-allowing-some-shoppers-buy-bitcoin-coinstar-kiosks-2021-10-21/
2. https://www.coindesk.com/business/2021/10/21/walmart-has-quietly-begun-hosting-bitcoin-atms/
3. https://www.reuters.com/article/walmart-cryptocurrency-idUSL4N2RH4BL

This is some big news because as you stated Walmart has the widest range of retail stores all over the united states and even has other chains worldwide under a different name.
Not as big as when it was leaked they would be accepting cryptocurrencies (litecoin actually) at their stores, but ended up being fake news and debunked fairly fast before it caused any alarm.

Coming at this time when Bitcoin has already reached another ATH and there is that great interest with Bitcoin, maybe we can expect some hefty business with this set-up. Long term speaking though, I find the fees quite high and can be affecting how customers will choose this option. I mean, am sure Bitcoin buyers are already online so they can search for a better alternative with lesser fees. However, this is a good advertising medium for Bitcoin. I am suggesting that aside from Bitcoin they also add other coins and tokens so that people can choose which digital assets they want to pursue.

It is not clear to me if this is going to be successful, if it is, it is probably partly because we are in a bullish market, as the comment above points out. What I do like is that this brings Bitcoin closer to people's daily lives: I go to the supermarket to buy tomatoes and chicken and I can take Bitcoin with me too.

I don't see much future for it in the long term, because as it becomes more popular people will become more informed and will see that it is not worth paying those fees.

When I first saw the title, I was like: "wait what, Walmart had bitcoin?" lol

Ehh, pretty much expected. I'd be far more surprised if they didn't require KYC. This is Walmart, after all. I doubt they'd be risking their mega-company to have allegations of people doing money laundering stuff on their turf.

As for if this would be successful or not, I'd think this would give them extra cashflow, but not anything major.

Seems more like a gimmick than anything else given the fees involved and KYC requirements. Still, if people were willing to jump through all of these hoops to get some of their change turned into Bitcoin, it would probably be a good thing. At least until they go to send those coins somewhere and see the fees eat all their money. More companies like Coinbase need to offer merchant services to pick up the slack where L1 has failed.

Initially it might create a spark for Walmart and non crypto customers. And maybe some of them are going to be interested to used the kiosk. But when the learn that it will require a KYC, there could be some qualms in the beginning.

So hard to see where this one will go, could be a win-win situation or not. And I don't think it will put a dent in the market.

even what may  be the intention on this partnership yet the best thing is the advantage here in our crypto market . because i believe that what ever news we have as long as pointing towards Bitcoin then i will gladly take this as good deed.

Walmart is the largest grocery store in the US which means availability of Bitcoin in their place will be an advantage to all of us.
yeah a Gimmick for both businesses but we are the one who will benefits here  ;D  :D

Having bitcoin ATMs in a retail store like Walmart is quite good for the bitcoin itself. The kind of footfall Wakmart experiences everyday, is indeed going to generate a lot of interest about bitcoin among the masses. People who don't know about it yet, will become intrigued and might start searching about it.

However, this is not something that would make bitcoin mainstream. That is something different and it needs legal support to become mainstream. It's just generating some interesting among the mass and might drive some adoption. That's it!

Its a good news, an average joe has access to buy Bitcoin on the spot market on the booth inside a wallmart store is good.  At least people who go into wallmart and find empty shelves will likely just buy BTC.

I think there should also be a big online store like Amazon or BestBuy that will also accept BTC, this will bring more people to Bitcoin and cryptocurrency.

Successful in terms of adoption? Cause if so then just the fact that they're offering Bitcoin in their stores is a good sign of it already, though I highly doubt it would gain that much of a traction compared to the past ones since we've been seeing other adoptions here and there after all. Still, it's better than nothing I guess? The fact that it has KYC is kinda disappointing, though not unexpected. I guess it's still a help in trying to open up Bitcoin for other people.

That is what I also like to emphasize. The downside is, it might be making the user does not have sovereignty and forced to hand over their privacy due to the regulatory issues that make them to do KYC. But as a start, it is truly beneficial to the masses to keep getting Bitcoin exposure hence we can hope that their awareness could intrigue them to dig deeper to learn about what actually Bitcoin is.

I can't know for sure but all the eyes are going into cryptocurrency now. It might beneficial for them, to keep up with innovation in regard to their own business and they did it with the partnership with the corresponding crypto company. So, let's see how will it go for them.

Walmart have planned for the 200 installation through Coinstar and CoinMe. This is set to be the base, and in broader it has planned for 8000 ATM machines across the country. At present US has got 25000+ Bitcoin ATMs. Among them 4400 Kiosks were run by Coinstar. Now partnering with walmart will make them more strong. Bitcoin ATM plan from Walmart will widen and make bitcoin an easy access to common people.

The increased fee is always a big thing with Bitcoin ATM. However if this changes, then these new ATM installation by walmart will make a change and increase adoption.

Installing ATMs is okay, although I wonder why they didn't make a big announcement out of it and why they are available only in some stores (also, how many are we talking about?). But why did it have to be with KYC? Or do the majority of ATMs in the US require setting up an account and verifying identity before using it? Why not set reasonable KYC-free limits, and require verification for big purchases? That would be okay to fight money laundering and would also allow more privacy for crypto users. It's ridiculous to check every order. I remember living in Hungary and exchanging EUR for HUF. Every transaction up to 300 EUR didn't require any ID or personal data! So why should Bitcoin users be subjected to different policies?

I don't think it'll be a huge success, due to the fact that it requires its users to go through a KYC process for "insignificant amounts" while there are other BTM brands that only require KYC after reaching a certain limit!

But fees "aren't that high (https://mempool.space/)" at the moment.

Care to explain the connection between those two things?

Because it's in the pilot stage.

This is like people from where Walmart can be found have now an idea where they can buy and sell bitcoin on its kiosks or atm.

I think so but the important matter on this news is that it's bringing adoption near to those establishments that are known already like Walmart. We'll see more of this soon.

I don't think people would suddenly be flocking to Walmart just to buy bitcoin. This is probably just good in a way that it would make people curious, and hopefully end up being interested and try buying like $10 of bitcoin.

Although it is definitely positive that in this way Bitcoin is approaching the masses and getting an additional promotion, it does not seem fair to me to charge as much as 11% of the fee in this case. I know there are costs and everyone in the process has to make money, but if we consider that every potential buyer has to make KYC and then pay a pretty high fee to buy BTC - why not choose some online exchange where it can go a lot cheaper and do everything from the comfort of his home?

More and more companies want their share of the crypto pie, I see it on the other side of the big pond - I can buy and sell crypto in places I never thought would offer such services. The only problem is that most still have fairly high fees, and that's why most people still invest using online platforms.

This is just a Walmart pilot program with 200 Coinstar Bitcoin ATMs and good thing is that they have plans to install much more of this devices in other stores across United States.
I don't like their high fees and mandatory kyc but it is good for spreading the word Bitcoin, and trust me there are still a lot of people who have no idea about Bitcoin or they just heard about it.
Coinstar is just one of many Bitcoin ATM providers, so I expect competition to react with new better deals, and things should be more clear when you see this chart of all crypto ATM installations:

https://i.imgur.com/JdZPcnB.jpg
https://coinatmradar.com/charts/growth/

As long as the third-party/middle-man problem which Bitcoin is meant solve to make transactions cheaper than the traditional financial systems doesn't discourage people or give them bad impression about the cryptocurrency

Since Coinstar already seems to have over 4K kiosks of the kind in the US, that allow for bitcoin purchase, the pilot is currently a dent in volume, but a potential booster to drive the toll to 8k Coinstar kiosks offering bitcoin purchase if all goes well on their end.

Most here, if not all, see the 11% aggregate fee as something way over the top, especially if we bear in mind the conditions (mandatory sign-up with Coinme, KYC, voucher – not direct). I wonder if there are people around here that can attest to having made BTC purchase at one of these kiosks (where ever the placement may be), and reason their decision, as the recurrence of the same.

It is less about Coinstar and more about Walmart. I don't know how strategic the locations of the rest of Coinstar's Bitcoin kiosks are but as far as Walmart is concerned, the foot traffic is very high. Statista has it that in 2020, Walmart stores have a daily average of 37 million customers.^[1]


I doubt there is somebody here who buys, or will buy, Bitcoin from one of these kiosks, save perhaps those who wish to try for the sake of trying. People in this forum must already be more or less aware that there are much better options.

Anyway, I am looking at this development more as an effective way of spreading Bitcoin awareness among non-crypto people than a way of giving Bitcoin fans and supporters the opportunity to buy Bitcoin.

Incidentally, I was scrolling Bitcoin Twitter earlier today and stumbled upon a comment coming from a user who had just come to know about Bitcoin because of the newly-approved Bitcoin ETF. I wanted to share that here but I cannot find the comment anymore. Anyway, my point is that these hundreds of Bitcoin kiosks in Walmart stores could also serve as the first time or the stumbled-upon or discovery moment to many people.

Having said this, I doubt this approach of selling Bitcoin is sustainable. After all, it is generally banking on non-crypto people. But this will definitely benefit Bitcoin in general nonetheless.

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[1] https://capitalcounselor.com/walmart-statistics/

Coinstar has been offering bitcoin for some time now.  I remember hearing about it starting to do so a couple years ago.  The local grocery store by me (Jewel Osco) had a coinstar so right after I heard about this I checked and they had the bitcoin option up and running.  

Just an FYI of note, if you're not familiar with coinstar..its a big fat scam.  It's a way to turn your change into dollars, and it costs a sizable percentage to do so.  Idiots use these as you could just go to your bank and do the same thing for free.  ALWAYS look at the change return area for coins that were not accepted.  Currently coinstars wont register old junk silver dimes/quarters etc, so they will be spit back out and normally people forget to look there after they are done wasting money using them.  

I thought it would like one of those news again. Quite convenient to have those kiosks though. KYC is a no-no for me, so I would not imagine myself transacting with these plus I would not bother going through setting up CoinMe account. I am already good to how I buy my Bitcoin through my local custodial wallet.
I would not be surprised if Target would get those kiosks as well soon.

The new’s core entity here is indeed Walmart. Nevertheless, what I wanted to get here are some responses of users of the existing topology, regardless of its placement, so as to get an idea of why they used a kiosk of the type under the current conditions, and whether it was a one-off or if it lead to a recurring habit.

Not that I’d expect many insights here really, but if anyone does have that experience it would be interesting to read, specifically the motivational drivers.

For non-tech people this would be extremely useful. Many of these people will hear about BTC but won't know where to start and Coinstar kiosks provides that initiation step for them.

The other factor it helps with is spreading the awareness and getting people talking about crypto, about Bitcoin so it will serve well from that stand point. But as to whether lots of people will go ahead to use buy their own BTC is another matter but I feel that this is at least an encouraging step.

The positive thing I get from this is :
Walmart is supporting bitcoins and cryptocurrencies as a whole.

The negative thing:
Extra fee
KYC needed
People don't have much options here.

Now lets talk about the problems that might arise, at the end of the day people should know more about cryptocurrencies before they even start engaging in them, plus if they do buy small amount of coins through Walmart, then am perfectly sure they do know a thing of two about bitcoins, which does mean that they also understand the fact that there might be better sources to buy Bitcoins from, one where they won't have to use KYC this they might be bringing it to masses but they are not offering a good deal.
( But it's not them but they are in a *partnership* which is a little different from them selling those coins )
Good news though.

It is a bit of a "Click bait" title.... because Wallmart are not selling Bitcoin directly to their customers.... but even if they use a third party.. it is still huge news. The down side of this, is the 11% in fees that they are paying for those bitcoins.  >:(

Let's hope this is the "gateway" into more extensive buying/selling/trading for these people into the future. They get the taste for it.. and they start looking for cheaper ways to get some more.  ;)  The next big thing will be when Wallmart start to accept Bitcoin as a payment option...  ;)

Whoever sells bitcoin, there is always a buyer who is buying it. Due to limited supply, the demand of bitcoin will always be high.

I don't knew that walmart had bitcoins but there is nothing to worry about as the sell off effects won't be long lasting. Market is bullish and fundamentally we are super bullish.

While it is great for adoption, it's a huge leap to associate Coinstar machines with the retailers that host them. One advantage to this however is that these machines tend to be around the entrance/exit of the shop, so anything tagged with Bitcoin will be seen by almost every shopper who is paying attention. It's a form of indirect marketing and might subconsciously sway people to do more research. If these machines also convert coins into cash and offer Bitcoin as a payout option, that will introduce it to many people who otherwise would never be exposed to it - the people with the least money available and the ability to convert it into an electronic format is a great idea.

While this in itself is already a great thing for bitcoin, I don’t think that this will be as big as it is even if Walmart is involved. Not a lot of shoppers who go to Walmart are interested in bitcoin or cryptocurrencies. They might get intrigued, or think that they’ve seen bitcoin somewhere but not to the point that they will buy bitcoin or something. It might kickstart something new, but the chances of it happening because of Walmart and the mini stall inside it is pretty slim.

It is always a positive news to see that all the Walmart stores having a Bitcoin Kiosk but anyone who invested in Bitcoin will never go to an ATM Kiosk and will be willing to give 4% as transaction fees and 7% as cash exchange fees when you can purchase the coin through exchanges at a really lower rate. Over all it is a good advertisement for the cryptocurrency market.

The fees are really high for people who have used Bitcoin from quite some time.It is also kinda like a centralized one using this only exchange for now.

Having said that I think it can be successful as Walmart stores have thousand of customers each day there and not all the people know Bitcoin and are tech-savvy so in this sense it can be a huge success by giving an option to the masses to be Bitcoin holders and users.

Actually, it is not only in the United States, it is found in several Central American countries with a strong presence, likewise in South America it is present in important countries such as Argentina and Chile, although this for now points only to the United States, but the fact that El Salvador is in legal bitcoin could be the beginning of favorable commercial relations, the government of El Presidente bukelee has several promotions with bitcoin in several companies, will Wallmart sign up? I think the noise starts in the United States network, but this can be extended to these countries and perhaps mainly El Salvador.

The sacrifice of the KyC already seems a consistent norm of the advance of bitcoin.

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^{https://www.walmart.com.sv}

Give it few months to a year before we assess if it's successful or not. They will probably try all types of promotions so their customers could notice the bitcoin atms.

"Regulation drives more mass adoption" is what many people have been saying since some of the institutional investors started enterring the crypto sphere. International Financial regulators were also pushing for this for years and their work is paying off for them.

I have 3 BTC ATMs at 10 minutes distance max. in my city, also each Walmart has one, it's getting pretty well known.

I know we have a few active US members on the forum, but they are quite experienced and know how to buy BTC much cheaper, so I sincerely doubt we can expect anyone to share their experience with this type of trading. If we exclude KYC in the process, I think that the main motive for this way of buying lies in speed and simplicity - because it all comes down to inserting banknotes/coins into the device and getting a voucher with which you then claim BTC online.

As we can see in the example of this video, the whole process takes about 2 minutes, noting that it is always necessary to prepare banknotes that are not crumpled and damaged in any way, because it is known that all devices of this type have trouble accepting such banknotes.

https://i.imgur.com/NSGlZsV.png (https://www.youtube.com/watch?v=Vw1yIM0Qy8A)
(click on picture to watch video)

The “good”, Bitcoin is currently everywhere. Everyone wants it, and a provider is prepared to sell it. BUT this is a scam in my opinion. Remove KYC, then I believe that compensates for the bad slippage and the transaction fees/cash exchange fees.

It's mostly the transaction fee that I see being commented particularly on social media. People are saying it's too high. But even so, I think there will still be people buying BTC  from the kiosk. It would be interesting if they bargain that if people submit KYC, they give a bargain price and low transaction fee.

But I'm seeing wallmart going to also adopt BTC which once people buy BTC, they could use the BTC to buy stuff on wallmart.

Even before I got to the last line where you talked about the fees that will be involved in this, I was already wondering about it, because I already knew that there is going to be a lot of fees that will be involved. This seems to be a really good idea, for the fact that they are working with a big name that’s already well known in the US,  so it’s possible that there will be lot of people that would come there in anticipation to buy Bitcoin.

But, the process and the fees that will be involved my discourage a lot of them. Just look at this, they will have to create an account with Coinme, and that aside they will also have to pay fees that is like more than 10%. This doesn’t sound right to me. Anyways, let’s just wait till then I see what happens.

Plus it’s also about the slippage, and how much the price to purchase through ATMs in Walmart. Bitcoin is currently priced at $62,901.01 in Bitstamp, and exchange that requires KYC. What would be the advantage for people to buy Bitcoin through KYC ATMs if it’s sold at $65,000? Remove KYC.

I think a better title is 'Coinstar coming to WalMart, machines also sell BTC'
For converting coins to real money Coinstar takes way too much of a cut to be worth it.
Their kiosks do however have to option of some fee free gift cards. If those cards work for you it may be worth it.

For us here with the KYC & high fees it's not worth it for BTC
There are other cheaper ways and there are ways that do not require KYC.

For people who do not know better, yes it's a way to get people in and from there they can learn.

-Dave

looks like wallmart is trying to play their big name role in crypto. and this will be able to add to the value of Wallmart and Bitcoin or can be said to be mutually beneficial for both. I only ask? has wallmart taken into account everything if wallmart wants to try to combine it with bitcoin?

maybe I need an explanation about Wallmart's partnership with bitcoin in detail so that it can be trusted by the public

Wallmart's influence on bitcoin adoption is indeed very large, because wallmart is one of the largest franchises in the world and has now officially adopted bitcoin. Wallmart is also working with coin-cashing machine company Coinstar and crypto cash exchange Coinme which will soon realize the installation of 200 Bitcoin ATMs in their US stores. This is a big step for Wallmart

OR simply remove KYC to make the high fees, conversion fees and higher slippage/price worth it. Because if not, then a Bitcoiner should stand beside those machines and sell people Bitcoins for how much the machines are selling then. Then argitrage buy in Bitstamp. 8)

It depends whenever people are willing to give away their personal identifiable information in exchange for Bitcoin at an ATM or simply recur to other means. Those who care about their privacy will look elsewhere. Walmart just wants a piece of the pie by selling Bitcoin at kiosks for profit. I seriously doubt it'll accept it as payment method anytime soon. That's because Bitcoin's wild fluctuations in price makes it a terrible currency for day-to-day payments.

At least, Bitcoin's outreach is expanding at a fast pace. It shouldn't be long enough before the whole world joins the revolution, making Bitcoin a force to reckon with. Bitcoin doesn't need Walmart, PayPal or another big corporation's support to succeed. All it needs is strong community support to be able to stand the test of time. Decentralization and censorship-resistant is what it's all about. ATMs greatly defeat Bitcoin's purpose by bringing back the middleman, but they're a great way to introduce newcomers into crypto. With Walmart in the game, I wonder which other company will adopt Bitcoin next? ???

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.


I wouldn’t call it an adaptation, they just allow Coinstar to have kiosks in their stores - and it doesn’t matter at all what kind of service is provided at those kiosks, as long as it’s nothing illegal. Here, choose the one you like best -> Starbucks, Lowe's, Wendy's, Kroger, The Home Depot, Shell, Dunkin' Donuts, Subway...

That’s because why should Bitcoiners waste their coins to purchase “things” from Walmart? We don’t need censorship-resistance to buy from that store, do we? We have our cash/fiat. We are pro-Bitcoin, but cash/fiat remains useful too.

I think this implementation is intended more to newbies or to casuals who go to Walmart, I think it's a good idea but it won't be that effective considering that most of the daily customers of Walmart do not know or has little knowledge about Bitcoin, of course fiat will still be dominant but with the exposure and availability, customers will definitely use these kiosks more often.

I think they just wanted to try if there will be a good and positive result about when they put bitcoins in their product but still people who just wanted to try to hodl bitcoins as fast as possible, they can try to buy it. But if someone makes good content about this news, it will affect the price of bitcoins in the crypto market in a positive way since Walmart is known and it is one of the big companies that has been known to have high standards.

I want to read here about people that are using this service and dont mind paying the 11% fee. Is anyone doing it? is it worth it for you for some reasoning?

For sure the fees will be so heavy if they sell bitcoin, and just imagine people will come very often just to buy bitcoin but you can get a small of profits from it, wherein unlike holding you can really make good returns.. Seems a big mistake decision.. I prefer to hold no matter what than sell my bitcoin. because you know it's totally a waste of time, if their purpose is to spread bitcoin all over thd country will it's a good idea but what benefits what you can get from selling?

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. :)

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.

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.

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.

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.

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 .

Where is the VELMART? is that another Business? sorry but I think I am Losing here  ;D ;D ;D

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I don't know what are you talking about here lol.


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.

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.

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.

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.

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.

Even in spite of this process, the price of bitcoin is still growing. Apparently, this news did not affect the price quite as planned.

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 :)

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.

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

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.

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.

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).

When we needs funds that doesn't imply that we should pay more fees because eventually it will reduce the amount in your hand and sometimes we don't have much to pay in fees only as they are charging extra from the 10% which is common for these transactions so that's main thing nothing else.But wallmart installing them is big thing for customer and it could give slight boost to the adoption.