The company announced today the creation of an owned currency called bulkcoin. “We looked at the market and realized there was a gap for something bigger,” John Furner, CEO of Sam’s Club, commented. “The bitcoins and litecoins and teenytiny coins weren’t cutting it for our value-seeking members,” he continued.
The announcement today breaks a 35-year-old company streak of not having its own currency. Kash B. Dedd, principal financial analyst for investment firm Making Cents Strategies, chimed in saying, “The 2,400-pack of bulkcoin for $19.98 has serious potential to stabilize the hella crazy market.”
The company also announced they are exploring partnerships with other coin-friendly organizations such as Chuck E. Cheese and Dave & Buster’s. Members can currently add bulkcoin as a payment method on Scan & Go, the Sam’s Club digital payment app.
Here’s how it works.
And for a limited time, the company is hosting a special bulkcoin Treasure Hunt in clubs and online. Using the Scan & Go app, members can mine for bulkcoin and redeem them for special prizes in the café, like our award winning hot dogs and 4 berry sundae. Special charging kiosks will be set up alongside the Taste and Tips sample stations to make sure members stay fully charged and hydrated.
The team is super excited about its first pallet of bulkcoin being shipped to clubs.