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Global Cryptocurrency ATM Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Rising demand for cloud among financial companies, increasing initiatives taken by the Government to deploy Crypto ATMs, and growing popularity of cryptocurrency are some of the major factors driving the growth of Global Crypto ATM Market.
Global Cryptocurrency ATM Market is valued at USD 53.5 Million in 2021 and expected to reach USD 1339.6 Million by 2028 with a CAGR of 58.4% over the forecast period.
Scope of Global Cryptocurrency ATM Market:
A cryptocurrency is an alternative form of payment for cash, credit cards, and checks. In cryptocurrency, the customer sends money directly without interacting with the bank. Crypto ATM is an ATM through which individuals can easily transfer cryptocurrencies through an ATM machine to purchase cryptocurrency through Crypto ATM, the person must go through KYC, enter the address of the Crypto Wallet for a deposit, enter the order money through Crypto ATM and finally confirm the transaction. Crypto ATMs automatically generate receipts for each transaction. For security purposes, these receipts contain public and private keys in the form of QR codes.
The Covid-19 pandemic has shown an optimistic impact on the growth of the global crypto ATM industry owing to the increased investment in cryptocurrencies. In addition, prior to the outbreak, cryptocurrency growth slowed, but during the pandemic, there was a significant increase in investment in Bitcoin, Ethereum, Dogecoin, and others. In turn, this has become a major growth factor for the crypto ATM market in times of global health crisis.
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Global Cryptocurrency ATM Market Segmentation:
Global Crypto ATM market is segmented into type, ATM hardware, coin, application, operation, capacity and region & country level. Based on type, the crypto ATM market is segmented into one way and two way. Based on ATM hardware, the crypto ATM market is segmented into the display, ATM printer, QR scanner and others. Based on coin, the market is segmented into Coin, Bitcoin (BTC), Litecoin, Ethereum (ETH), Dogecoin, Bitcoin Cash, Dash, Tether (USDT) and others. Based on application, the crypto ATM market is segmented into commercial spaces, restaurants, hospitality spaces, transportation, hubs, standalone units and others.
By Type:
By ATM Hardware:
- Display
- ATM Printer
- QR Scanner
- Others
By Coin:
- Coin
- Bitcoin (BTC)
- Litecoin
- Ethereum (ETH)
- Dogecoin
- Bitcoin Cash
- Dash
- Tether (USDT)
- Others
By Application:
- Commercial Spaces
- Restaurants
- Hospitality Spaces
- Transportation Hubs
- Standalone Units
- Others
The regions covered in this Crypto ATM market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, market of global Crypto ATM is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc.
Crypto ATM Companies
Some of the major players global crypto ATM market report covers are:
- GENERAL BYTES s.r.o.
- Genesis Coin Inc.
- Lamassu Industries AG
- Covault, Bitaccess Inc.
- Coinme
- Coinsource
- Coin ATM Radar
- Orderbob
- Cryptomat and others.
News: First Cryptocurrency ATM Reportedly Installed in Uruguay
On January 15th, 2022; The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose primary avenue for purchasing crypto relies on peer-to-peer markets.
GENERAL BYTES s.r.o. Announced the Company has Sold 7000 Bitcoin ATMs
On March 21st, 2021; The 7000 machines have been shipped to the USA, the # 1 country in deployment numbers, and currently has more than 14000 machines installed in the USA. The company is also seeing a trend where clients order large batches of ATMs at a time, signaling the commercialization of the market.
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North America is expected to dominate the global crypto ATM market with the largest revenue within the forecast period. North America is home to many major market players such as Bitcoin Depot, Coin Cloud, and CoinFlip. In addition, the deployment of crypto ATMs in public places has led to a significant impact on market growth, especially in the US. International Airport. Crypto ATMs will allow passengers to buy and sell digital currencies at airports. In 2017, the Mexican government declared Bitcoin legal, and it will be regulated by the FinTech Act. In addition, Canada has reported extensive start-up activity, particularly for cryptocurrencies.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
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