Walmart Sells Bitcoin

[Darker45]

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.

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.

[worle1bm]

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.

[bitterguy28]

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.

[19Nov16]

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.

[zaesvlas]

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

[Abiky]

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.

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

[habebe]

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.

[Imran232]

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

[Gyfts]

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.

[Maslate]

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.

[germsite]

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.

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).

[worle1bm]

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.

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.