0 sats \ 1 reply \ @k00b 22 Oct 2021 \ on: "Walmart Has Quietly Begun Hosting Bitcoin ATMs" – CoinDesk even checked to made sure it's real :) bitcoin
Only paper money will be accepted for Bitcoin purchases. [...] Coins are not accepted.
Darn, I have a big piggy bank I wanted to convert to BTC.
After inserting bills into the machine, a paper voucher is issued. The next stage involves setting up a Coinme account and passing a know-your-customer (KYC) check before the voucher can be redeemed. The machine charges a 4% fee for the bitcoin option, plus another 7% cash exchange fee, according to the Coinstar website and verified by CoinDesk.
Pricey and KYC but cool to see.
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11 sats \ 0 replies \ @relc 22 Oct 2021
Maybe someone will run a mobile Bleskomat someday on the parking without KYC and charge less.
When the payment industry and vending machine people who produce use and run bill and coin acceptors find out they could pay out the change coins or bills instead in btc via lightning to the customer. Everyone knows Chad alway presses "Give me my change in BTC on Lightning"
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