Bitcoin Forum

Despite the bearish trend shown by the cryptocurrency market throughout the year, it is assumed that the digital asset ATM industry will reach 145 million dollars by the year 2023, with an annual growth rate of up to 54.7% for the next few years, according to a report by ResearchandMarkets.

It is important to note that, at present, the market is over 16.3 million dollars, according to the Coin ATM Radar portal, with around 3,687 units deployed in more than 70 countries.

Likewise, the report indicated that two-way ATMs, that is, those that allow not only to buy, but also to sell cryptocurrencies using fiat currencies; they will grow to an even greater range than those in a single way.

However, the information shows that at present the one-way ATMs are at the forefront of the market, since at least two thirds of the current units would have this modality. In addition, more than 2,000 units would be located in the United States.

In this sense, the researchers pointed out that the United States would maintain its leadership as the largest market for cryptocurrency ATMs, even though countries such as Japan and Germany would also be entering the mass adoption of this technology.

However, the researchers warn that the regulatory uncertainty could negatively affect the growth of this industry in several countries of the world, in addition to the lack of understanding and information about their operation.

Although the report does not address the issue of security, cryptocurrency ATM malwares continue to proliferate and would even be commercialized on the black market for around US $ 25,000.

The Russian authorities also confiscated several cryptocurrency ATMs this week in the middle of an investigation of the company that produces them.

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This is great to hear. even though at the moment, the crypto market is very down what I saw is. many positive things happen towards the crypto future in the crypto world. this news what you pointed out about ATM machines,  one of them. I believe in crypto. this is a technology not about profit.

It’s a great news for this industry. It means this market is becoming among the people. I hope in future all countries will accept this market and all over the world we can find bitcoin ATM.

That’s a great and positive news. This type of positive news inspire the users a lot to invest in crypto in spite of all ups and downs. Can’t wait to see it happen.

That's an amazing news. Bitcoin ATM has made many tasks in our life convenient. Through Bitcoin ATM, it is easy to convert Bitcoin to fiat money or to buy Bitcoin. With the advancing time, the need of Bitcoin ATM is going to increase more.

these crypto money atms are more important than we thought. makes it easy for people to handle their everyday tasks. they make crypto currencies more widespread.

This is good news indeed. having more ATMs means that the market is getting more popualr as we speak and we do need more investors in the market to keep the demand of the coins up.

That is great if the ATM industries which in involve in BTC is going to make such gain that will be a great news and a new step to move forward, many banks will like to get involve and start depositing BTC so that they can also be a beneficial.

Having such a massive increase is a good thing indeed. We do need more participation from the people in the industry and we do need more people to be associated with crypto in their dy to day activities. We do hope that the BTC ATM will be available in all parts of the world soon.

This is great to hear. It will cause a more increase in the demand and at the same time more people will be a part of this marekt too. Having more ATMs installed will make it convenient for travelers too.

good news to see both of these eyes and also heard these two ears, whatever happens at this time bitcoin remains the best and most expensive. still being the king of crypto. I prefer to read news and articles like this, rather than having to panic with the market's downward situation. because I'm sure everything will be fine. thank you for the good news that you convey.

This news has been posted in this forum for at least 5 times since last week. However, I would tell you what I think, the functions of these ATMs are still not disclosed to the public so we don't really know if the protocol is really decentralized or not. If a bigger fish is actually keeping the record of all the transactions happening from these BTC ATMs then it would be really disastrous for the industry.

This is definitely a great step in bitcoin even when the value of bitcoin is continuously decreasing but it is being introduced in more countries which is a good thing.

It’s a great news that the number of bitcoin ATM will be increased. I think it is an urge of every bitcoin users. Now the people can use their bitcoin to make a transaction, buying their necessities and sell cryptocurrency also.

I really hope that this prediction is true and with the increasing number of ATM machines and growing industry I wish to see that the fees in these Bitcoin ATM machines are significantly lowered down in the future. Right now, the only matter of concern to me looks like the higher fees that is keeping people away from using Bitcoin ATMs.

Though people will be concerned about making profits but honestly, I would look at the brighter side of this piece of news. Having Bitcoin ATMs spread all over the world means that more people will get to know about Bitcoin and how it works, because, we cannot easily ignore an ATM booth on the side of a road. So, mass adoption is the point that we should focus on.

I must say that I am getting tired of hearing the news of BTC price rise within this year from various sources. But this article looks more reliable and I am getting some hope

Bitcoin ATM industry will grow 54% every year, according to report
If you really want to say this,
Bitcoin has progressed with sure steps to its goal of replacing physical money, which is its main objective.
And we are rich in the near future: D

This is incredible to hear. despite the fact that right now, the crypto showcase is exceptionally down what I saw is. numerous positive things occur towards the crypto future in the crypto world. this news what you brought up about ATM machines, one of them. I have confidence in crypto. this is an innovation not about benefit.

As we have seen, the development of crypto's popularity is very rapid. Even though this year, it might be a bad year for crypto.But it seems, it does not reduce crypto's popularity, especially bitcoin. That is certain, will increase the demand for bitcoin ATMs. This is evident by the increasing number of bitcoin ATM machines throughout the world

Well this article actually tells some important things regarding Bitcoin ATM. If this industry really grow according to the report, I guess something good will come for Bitcoin. All it requires security and ease of use.

I like the idea of bitcoin atms as it's just another way of promo for crypto industry. I don't see much point in them in terms of usability, as why I wouldn't buy that online anyway right?

If ATM usage of bitcoin increases it will be a huge blow for crypto industry and people will know more about the technology and it's benefit. So this is a great initiative I think,

Bitcoin ATM will open a new door of opportunities from my perception. This ATM industry is making the whole transaction process faster than before which will attract more people towards the industry.

I think it is a positive thing for the crypto industry. The ATM industry has some great advantages so i think it should be expanded. 54% growth rate is quite awesome for this industry.

The crypto market is passing a crucial time. So i think this growing ATM industry will make a positive impact on the whole crypto world. Though the charge is high, it will give more comfort in Bitcoin buying-selling.

It’s good news indeed. Cryptocurrency is spreading and many aspects are growing. In future it will be a great asset and setting up ATM for it is another step for going forward. So hoping for the best.

It’s a really very good thing happening. But it’s true that for many countries it will be difficult to adopt because of the technology. So first they need to educate themselves for going forward with cryptocurrency.

The future of crypto is shining and this news is another step to move forward which is really great. Though cryptomarket is down a little bit but soon it will rise again and already starts being stable. Crypto will be great in future.

It is important for the bitcoin world to be part of this because this will make bitcoin grow faster. Cryptocurrency is developing and with it bitcoin develops even more

As I am a devotee of bitcoin, it’s an incredible news. In spite of the fact that there were ups and downs but past few months bitcoin gotten tremendous acknowledgment from speculators. This awesome modern moreover will offer assistance all the financial specialist conjointly on the bitcoin financial victory.

wow, this is good news. I am very happy to hear this kind of news
at least, now many people are aware of technological progress
and I also really appreciate the people who helped make this technology successful

Yes presently there are around 3800 ATMs worldwide spread over 75 countries.  With the increase in popularity of bitcoin / crypto we will see the rapid increase in the numbers / unsers.  As the crypto habit users is sure to increase as a result ATMS will automatically increase. 

I hope there will be more and more atm machines not just for mass adoption but more competition means lower prices. Those atm machines are a rip off right now, but hopefully their fees will be lower in future

This is Awesome News!!
This News will not change this current bearish market. But still it is a big step in creating more awarness and mass adoption of Cryptocurrency.

More of such technology will create more positivity and lead to rapid growth.

There will be a time when more of such ATM's will be quite common around us. Hopefully those days are not far off.

yeah, i have heard about this even in news that bitcoins can now be withrawn thru atm's like what XAPO has now

That's some bullish news..

THe more ATMs with crypto the better. The more accessible crypto is for purchases, the easier it will be for mass adoption.