The crypto space has been adopted by several firms over the past few months, Walmart has now made this pristine list. In addition, the leading retailer in the United States has collaborated with coin-cashing machine firm Coinstar and crypto-cash exchange CoinMe to enter the crypto space.
In fact, Walmart has placed 200 Bitcoin ATMs at its different locations across the United States. Besides, the installation of the Bitcoin ATMs at Walmart stores will allow its clients to buy Bitcoins at its multiple locations across the United States. Moreover, Walmart intends to install in over 8,000 locations within the United States over the coming months.
To highlight, it seems the major concern for users will be the 11% fee that’ll come with the purchase. Specifically, buyers will have to cover a 4% transaction-free as well as a 7% cash exchange fee. This could be troubling for an average buyer. However, this is still just a little higher than the average fee charged by other crypto platforms.
Thus, Real Research published this survey to know the public opinion about the installation of Bitcoin ATMs at Walmart. Here is the result.
- 57.90% of respondents are purchasing products and services using crypto.
- Walmart brings Bitcoin ATMs to its stores.
- Most of the respondents believe that the 11% surcharge is more expensive than other exchanges.
Walmart’s Installation of Bitcoin ATMs
To start with, the survey asked people if they already heard the news that the United States retailer Walmart is installing Bitcoin ATMs in its stores to purchase Bitcoin by cash. As a result, 60.01% of the respondents are aware of the Bitcoin ATM installation. Meanwhile, 39.99% have never heard about the installation of the Bitcoin ATM at Walmart.
In fact, the majority of the respondents are already using cryptocurrency for purchasing. Likewise, 57.90% of the respondents are already purchasing products or services using cryptocurrency.
The Majority Feels Bitcoin ATMs Fees Is Quite High
In addition, regarding the charges, 49.00% of the respondents believe that the 11% surcharge is more expensive than other exchanges. However, 8.53% said it is reasonable, while 4.36% say it is affordable.
Walmart Installed 200 Bitcoin ATMs
At the moment, Walmart has installed 200 Bitcoin ATMs in stores. In addition, it plans on installing more ATMs based on customer responses. As a result, 41.76% of the respondents believe that the number of ATMs will increase as there will be many users patronizing it. However, 4.54% stated that the number of ATMs will decrease as there will be fewer users.
At the same time, 63.26% of the respondents answered that in case the local retailers launched Bitcoin ATMs, they are willing to use them, while 36.74% answered no.
Purchasing Products Using Bitcoin
Likewise, El Salvador has become the first country in the world to consider Bitcoin as a legal tender. Do you believe Walmart will support purchasing products using Bitcoin in the future? As a result, 67.26% of the respondents believe that Walmart supports purchasing products using Bitcoin. In contrast, 32.74% do not believe in this concept.
|Survey Title||Survey on the Installation of Bitcoin ATMs at Walmart|
|Duration||November 04 – November 11, 2021|
|Number of Participants||40,000|
|Demographics||Males and females, aged 21 to 99|
|Participating Countries||Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.|
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.