It advertised a job in August to develop “the digital currency strategy and product roadmap" while identifying “crypto-related investment and partnerships. While that announcement was false, Walmart is assessing the future of crypto in its operations. Currently, Alula accepts gift cards from over 170 companies. Much like the popular Coinstar cash-for-coins kiosks, Alula gives the customer a voucher that can then be redeemed for money at the store register. “Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot." Walmart is testing the service weeks after a high-profile hoax in which a fake press release said the retailer would start letting customers pay with a cryptocurrency called Litecoin. The company operates a line of self-service kiosks where customers can simply insert unwanted gift cards and receive cash on location. “ Bitcoin ATMs have been around for a while, including in many supermarkets," said Sam Doctor, chief strategy officer and head of research at BitOoda, a regulated crypto brokerage. Is Alula ever closed for business Our hours of operation are MoWe completely understand that cancer waits for no one, so we are open as close to 365 days a year as possible. All designed to seamlessly work together, save time and reduce costs. This includes a mobile app, dealer portal, security panel, system controllers, communicators, cameras, sensors and translators.
#Alula gift card machine locations professional#
The company reportedly has generated about 150,000 in revenue since launching the Ohio test in September, according to a spokesperson. Alula provides innovative technology covering both products and services for professional security dealers and system integrators. Gift cards redeemed by Alula are resold at a discount through other channels and partners. The pilot includes 200 kiosks in Walmart stores. The card holder can typically expect to receive 65-85 of face value on one of these cards, according to Alula.
That’s part of a broader initiative by Coinstar, which has teamed up with a cryptocurrency cash exchange called Coinme to offer Bitcoin at more than 8,000 kiosks. The pilot includes 200 kiosks in Walmart stores. The test with Coinstar, which is known for the machines that let customers exchange US coins for paper bills or gift cards, began earlier this month, Walmart spokeswoman Molly Blakeman said Thursday.
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