The American retail giant Walmart has started a crypto pilot project that involves installing bitcoin (BTC) using ATMs at 200 of its outlets in the United States.
A spokesperson for the retailer said the pilot “started earlier this month.”
However, as usual with BTC ATMs, this is an inexpensive process. ATMs would charge a 4% fee for purchasing bitcoin and a 7% exchange fee.
Bloomberg quoted Sam Doctor, the chief strategy officer and head of research for the crypto brokerage. BitOoda, calling the move an “expensive way to buy bitcoin”, but agreeing that it “lowers barriers to entry for first-time buyers of crypto.”
The doctor added:
“Walmart is expanding access to bitcoin to more people and giving it additional legitimacy among skeptics, if they deploy it beyond an initial pilot.”
Walmart has a long history of crypto technology, and particularly blockchain technology: in 2019, nine of its blockchain-related patent applications were revealed in a single day, and the company was one of the first big American retailers to pilot blockchain-based food traceability solutions.
In August of this year, the company posted a job posting for a new digital currency and cryptocurrency product manager.
And last month, Walmart denied reports that it struck a deal with the operators of the litecoin token (LTC) after a fake press release, the perpetrator of which is unknown, duped media giants such as CNBC and Reuters.
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