According to Bloomberg, Walmart recently established a working relationship with Coinstar, a coin-cashing machine firm, and crypto-cash exchange Coinme to integrate 200 Bitcoin-based ATMs in its stores across all of America.
The report then noted that even though the collaborative venture’s pilot program “only” involves 200 machines, Walmart purportedly intends to install 8,000 Bitcoin ATMs in total eventually.
As per the latest statistical report of Coin ATM Radar, there are now over 25,000 Bitcoin ATMs at various service stations and grocery stores all over the USA. Coinstar is responsible for 4,400 of it across 33 states.
Despite the growing interest of users on Bitcoin ATMs, there are still many that ultimately doubt its utilization and general use especially following the release of a fake Walmart press release last month. According to that particular misinforming post, Walmart has partnered with Litecoin (LTC) and will soon be accepting the altcoin as viable means of payment when in fact, no talks have sprung up between the two parties.
Walmart received several negative comments following the hoax; meanwhile, LTC notably surged by over 20% because of it.
As it currently stands, Bitcoin ATMs have an 11% surcharge covering a 4% fee for its Bitcoin option offering plus an extra 7% cash exchange fee.