Early this year, Walmart partnered with Ribbit Capital, creating a fintech start-up that offers financial services to its customers.
The giant retailer also entered a new partnership with coin-cashing machine company Coinstar and crypto-cash exchange CoinMe to install bitcoin ATMs at 200 stores in the United States.
The development is part of Walmart’s plans to serve its customers in the financial services arena. The investment aims to make it easier for customers to buy bitcoin. Walmart plans to install bitcoin ATMs at more than 8,000 locations in the country before the end of 2022. See AGREEN1 August 9 issue for more Walmart details.