MarketResearch.biz delivers in-depth insights on the Global Bitcoin ATM in its upcoming report titled, “Global Bitcoin ATM Market Trends, Applications, Analysis, Growth, and Forecast : 2018 to 2027”.

The report provides a basic overview of the Bitcoin ATM Market including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures. Various secondary sources, like company websites, encyclopedias, directories, and databases, like Composite World, Factiva, and America Composites makers Association, are use to perceive and gain insights into the Bitcoin ATM market. specialists from prime Bitcoin ATM corporations are interviewed to verify and collect crucial data and to assess the trends within the Bitcoin ATM marketplace for the forecast period. The top-down, bottom-up, and information triangulation approaches are enforced to calculate the precise values of the parent and individual market sizes.

In This Study, The Years Considered To Estimate The Market Size Of Bitcoin ATM Are:

Actual Year – 2017

Estimated Year – 2018

Projected Year – 2027

Forecast Period – 2018 to 2027

Download the PDF Brochure @ https://marketresearch.biz/report/bitcoin-atm-market/request-sample

2017 has been considered the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives Of The Study:

– To define, describe, and forecast the Bitcoin ATM market size, in terms of import

– To provide elaborate info relating to the foremost factors influencing the expansion of the Bitcoin ATM market (drivers, restraints, opportunities, and industry-specific challenges)

– To identify and live the Bitcoin ATM market by product, end-use business, and region

– To strategically profile and analyze the key market players and their core competencies

– To analyze significant region-specific market trends in North America, Europe, Asia Pacific, Latin America, Middle East & Africa and others

Detailed Analysis And Profiles Of Bitcoin ATM Market Players: Genesis Coin Inc, General Data Company Inc, Tobitcoin, Byte Federal, RusBit, General Bytes, Bitaccess Inc, Orderbob, Coinme Inc, Covault Corporation and Bitxatm.

This research report categorizes the Bitcoin ATM market based on type, ATM hardware, application, and region.. It forecasts revenue growth and analyzes trends in each of the sub-markets till 2027.

Global Bitcoin ATM Market Segmentation:

Segmentation by type: One Way, Two Way. Segmentation by ATM hardware: Display, Printer, QR scanner, Others (rollers and belts, etc.). Segmentation by application: Depository, Transaction

For Any Query, Contact Our Expert at https://marketresearch.biz/report/bitcoin-atm-market/#inquiry

This Study Focuses On The Top Investment Pockets, Which Would Help Stakeholders Understand And Analyze The Emerging Trends In The Bitcoin ATM Market. These Stakeholders Include:

– End-use Industries

– Bitcoin ATM Manufacturers

– Industry Associations

– Environment Support Agencies

– Target Market

– Various Trends

– Key Players

https://cryptonewsreview.com/the-world-is-about-to-get-its-4000th-cryptocurrency-atm/

A week or two back, a cryptocurrency ATM that you were supposed to sing happy birthday to was used as a publicity tool to promote the tenth birthday of Bitcoin. But aside from the land of gimmicks, the number of genuine cryptocurrency ATMs has continued to creep upwards. So much so that another milestone is about to be reached.

CoinATMRadar is a site that keeps track of where the world’s cryptocurrency ATMs can be found, and it’s revealed that there are – at the time of this report being written – 3961 crypto ATMs in use around the planet. 40 producers run them across 75 countries, and nearly half of that number have been installed in this calendar year. The site reckons that around six new crypto ATMs come into use every day, with over half of them located in the USA.

By those calculations, the world should see cryptocurrency ATM number 4000 by the end of this month, with another 200 or so added in December.

On top of that, there are a further 2431 fiat ATMs that support some kind of altcoin as well.

As you might expect, Bitcoin remains the dominant coin across the world’s crypto ATMs, supported in some 99.9% of the installed machines. Litcoin and Ether are in second and third, but both some way back.https://cryptonewsreview.com/the-world-is-about-to-get-its-4000th-cryptocurrency-atm/

https://ethereumworldnews.com/bitcoin-atms-about-to-reach-the-4000-milestone-worldwide/


Current statistics reveal that Bitcoin ATMs around the globe are about to reach 4,000. Though not as widespread as mainstream ATMs, BTC ATMs seem to experience astronomical growth. In November, the number of such machines worldwide is expected to cross the 4,000 milestone.

Bitcoin ATMs almost at 4,000
Over time, Bitcoin ATMs have become increasingly popular across the globe. According to Cointatmradar, a platform that monitors cryptocurrency ATMs around the world, the current number of BTC ATMs stands at 3,991, almost reaching the 4,000 milestone. With the first Bitcoin ATM installed in November 2013, there has been an astronomical growth of the ATMs in five years, signifying the growing acceptance of cryptocurrency across the globe.

There is also a rapid growth of BTC ATMs across continents, with North America still maintaining its number one spot. The continent controls 71.39% of the market, followed by Europe with 23.53%. Africa, a continent gradually allowing the penetration of virtual currency, ranks last at 0.20%.

The United States continues to retain its top slot among other countries across the globe, with 2,219 ATMs spread across the country. Its North American counterpart, Canada, ranks second with 600 BTC ATMs. Other countries, including Indonesia, Saudi Arabia, Iceland, Thailand, Cyprus, Philippines, and Germany, have one Bitcoin ATM each in their countries.

The number of Bitcoin ATM manufacturers have seen an increase over the years. American company, Genesis Coin has the most significant market share with 32.07%, followed closely by Europe-based General Bytes with 29.27%. Orderbob ATM ranks bottom with 2.13%. The presence of more BTC ATM manufacturers indicates the market’s competitiveness and is a sign of the growing acceptance of digital currency.

Crackdown Against Bitcoin ATMs
Apart from a total clampdown on virtual currency trading, some countries are also terminating the operations of Bitcoin ATMs. Some governments see the installation of BTC ATMs as an avenue to defraud unsuspecting victims.

India is in the forefront of the cryptocurrency ban. With the RBI’s ban on virtual currency trading, Unocoin, a digital currency trading company in India installed the country’s first Bitcoin ATM. However, authorities seized the BTC ATM and arrested co-founders Harish BV and Sathvik Viswanath, citing unauthorized installation.

Russian authorities also seized twenty-two Bitcoin ATMs belonging to Russian BTC ATM manufacturer, BBFPro. According to the company, however, there was no prior information following the confiscation of the Bitcoin ATMs. The company also lamented that authorities verbally stated that there would be a six-month inspection before they return the Bitcoin ATMs.

https://easybitatm.com/new-bitcoin-litecoin-atm-in-las-vegas/
New EasyBit Bitcoin/Litecoin ATM located at:
Lucky’s Lounge
2 Ways – Satoshi 2 Machine
7345 S Jones Blvd, Las Vegas, NV 89139
Open: 24/7

https://www.iol.co.za/business-report/international/cryptocurrency-atm-installed-in-zimbabwe-14459889
INTERNATIONAL - Cryptocurrency exchange platform Golix has decided to  install a Bitcoin and Litecoin ATM in Harare.

Zimbabwe has a growing interest for cryptocurrencies as well as other countries in the region.

Zimbabwe is a country that was not able to deal with its own currency. The inflation rates reached 79.6 billion percent in 2009, the highest in the world. The 2-way ATM was activated in the first week of April in order to attend the growing demand for these virtual currencies.

Different countries in Africa have decided to deploy crypto-ATMs in their states.

At the moment, only Zimbabwe and Djibouti have functioning crypto cash machines. Zimbabwe had to switch to US dollars due to the fact that its currency suffered from severe inflationary problems. Bitcoin and Litecoin could help Zimbabwe to face the current problems the economy has by providing a trustful means of exchange to the population. The situation is not better years after the inflationary peak.

https://news.bitcoin.com/coinsource-installs-20-bitcoin-atm-machines-around-washington-dc/

Crypto Capital
Coinsource Installs 20 Bitcoin ATM Machines Around Washington DCCoinsource, Texas-based bitcoin ATM network, has announced its first entry into the American capital. The company will install twenty machines across the District of Columbia and Maryland, saying it received significant demand from local users and merchants. The machines will be spread in convenient locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

Before this development, the city already had about five machines being serviced by five different operators. Additionally, several local restaurants, bookshops, and record shops have been accepting bitcoin as payment since last year.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said CEO of Coinsource Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

Bitcoin Nation
Coinsource Installs 20 Bitcoin ATM Machines Around Washington DCThe DC installation caps off a quarter of growth for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado earlier this month. Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.

CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

https://www.herald.co.zw/golix-introduces-bitcoin-atm/

Zimbabwe has one Automated Teller Machine (ATM) dispensing cash — and you’ll need a Bitcoin to get it!

Golix, Zimbabwe’s first and largest cryptocurrency exchange, has introduced the country’s first ever Bitcoin ATM, which comes loaded with hard United States dollars.

The machine – which was activated last week – allows anyone to buy and sell Bitcoin using the greenback, according to Golix spokesperson Nhlalwenhle Ngwenya.

It is the only ATM in Zimbabwe dispensing US dollars to customers selling Bitcoin, he says.

“Through an easy to use interface it provides technology and cryptocurrency newbies a simple way to buy Bitcoin,” Mr Ngwenya said in emailed responses.

“ . . . he machine provides convenience to customers, especially first time users of cryptocurrencies, and the unbanked without access to digital funds.”

So, what does the Bitcoin ATM do exactly?

Unlike most local ATMs, which no longer dispense cash — real cash, US dollar notes, the Bitcoin ATM is dispensing cash sent from abroad or proceeds from the sale of cryptocurrency.

But an added feature allows the Bitcoin ATM to go beyond the ordinary functions of the regular Automated Teller Machine: buying and selling of Bitcoin.

In the same way that consumers insert a card into a traditional ATM, the Bitcoin ATM allows users to insert US dollars, which are converted to the volume of Bitcoin that they want to buy, Golix product manager, Yeukai Kusangaya, told The Herald Business.

The machine then sends the Bitcoin straight to the customer’s wallet.

Investors who buy Bitcoin without a Bitcoin wallet have the option to generate a Bitcoin address, she says.

“After realising that the public is still struggling to understand or in some cases access bitcoin, we felt that the Bitcoin ATM would be a huge and necessary step towards engaging people on how they can use cryptocurrencies for their daily business,” said Ms Kusangaya.

“For anyone who has used a traditional ATM, they won’t struggle to find their steps when they are using the Bitcoin ATM,” she added.

Golix, which, on the average, turns over roughly $600 000 of crypto trades on its bourse each month, has placed its first Automated Teller Machine at its offices along First Street in Harare.

There is only less than 70 other countries in the world with similar machines.

Golix’s ATM is significant in many ways, both for the start-up company and for Zimbabwe.

A decade ago, Zimbabwe was in hyperinflation, the highest rate in the world, and virtually turning every citizen into a trillionaire.

Normal banking services like ATM withdrawals became redundant.

With dollarisation in 2009 the effects of inflation stopped, but in the past two years the country has suffered from a new problem altogether.

A severe cash crisis has birthed long queues at banks, and left the few hundreds of ATMs scattered across the country useless. The Bitcoin ATM could help facilitate cash transfers more easily and speedily, moreso in a country without a currency of its own.

“Gone are the days when the only means of making an international payment was first buying cash on the parallel market and then driving all the way to Zambia to pay a supplier,” said Golix chief executive Tawanda Kembo.

“This Bitcoin ATM moves us one step closer to achieving our mission of giving every person in Africa financial autonomy,” he added.

Cryptocurrencies gained popularity here late last year, when prices sky-rocketed. At its peak in December, Bitcoin scaled past $33 000 on Golix, where, like elsewhere in Africa, trades at a massive premium. In January 2017, the coin was worth just about $1 000.

Often, investors look at digital currencies as an investment. But the Reserve Bank of Zimbabwe’s chokehold on limited foreign currency means that some Zimbabweans have started to use cryptocurrencies to pay for goods and services abroad – like school fees, health bills or car imports.

https://www.centralmaine.com/2018/04/09/exchange-for-enigmatic-bitcoin-opens-in-portland-complete-with-atm/
Proponents of bitcoin, a currency that few understand and even fewer use, are hoping to push it into the mainstream in Maine.

Daren Hebold, president of Lux Realty in Portland, has set up a company called Luxolo Financial and is licensed by the state as a “money transmitter,” which allows him to conduct currency transactions, such as converting dollars to bitcoins. He set up an ATM inside the Techport offices on Temple Street and opened an office downtown to handle a variety of cryptocurrency transactions.

But what, exactly, are cryptocurrencies? They are an all-digital form of money, like bitcoin, in most cases not backed by governments or maintained by central banks like the U.S. dollar is. Rather, users within the bitcoin network can transfer payments to other users through the internet. Users are only identified by a code and their payments are recorded in an online public ledger. No need for a bank or credit card company to intervene.

Because there will only ever be 21 million bitcoins in circulation, its value rises and falls depending on how many users are trading and the perceived value of those trades. Wild fluctuations are common. Last fall, bitcoin lost 20 percent of its value in one day, dropping from more than $11,000 to $9,000.

BITCOIN WINDFALL FOR RESTAURANT

Despite the public’s difficulty in grasping this new way to pay, the Great Lost Bear pub in Portland has been accepting bitcoins for meals and drinks for four years. That prescient business decision provided a $7,000 windfall to the restaurant, which held onto the bitcoin payments it received and then sold as the value of the currency rose last year.

Owner Dave Evans said his understanding of the currency is about the same as most people – minimal – but the restaurant has made a profit by taking bitcoins in payment and then selling them later.

“It’s a mystery to me, but we have made money on it,” Evans said.

Over the years, the restaurant acquired bitcoins from patrons paying for their meals and beer and eventually owned seven. Even though the meal tabs totaled only a few hundred dollars in U.S. currency, the rising value of bitcoins last year led the restaurant to sell, making a profit of about $7,000, said Evans and Dave Foster, the restaurant’s media marketing manager and a leading proponent of bitcoins at the Great Lost Bear.

Foster sheepishly said the restaurant could have made even more had it held onto the bitcoins longer – the value shot up sharply at the end of 2017, but has since retreated – but the profit still was enough that it paid for a fence around a patio area next to the restaurant.

“We call it the Bitcoin Barrier,” he said.

Foster said his impression is that use of bitcoins tends to follow the market – when the value is high, holders tend to spend them, and when values drop, holders naturally hold back, hoping for them to recoup their value.

He said the restaurant has a couple of regulars who frequently pay their bills in bitcoin, but there are usually only a couple of transactions a month – long enough for the waitstaff and bartenders to forget how to process them. He said the restaurant provides a bar code for customers to scan into their phones and use it to send bitcoins – actually fractions of bitcoins – to the Great Lost Bear’s online wallet. Most bitcoin apps provide easy tools to translate dollars into current values of bitcoins, so it’s simple to convert the cost of a couple of beers into fractions of bitcoins and make the payment, Evans said.

He said the ability to use bitcoins to pay a bar tab is a good tool for marketing to a certain segment of the community.

“People who have this stuff are so excited to use it the way it’s supposed to be used,” he said. “But it’s a matter of time before people start using it on a daily basis. It feels good to be part of it. It’s the future. It’s Blade Runner.”

Restaurants and other retailers should use bitcoin and other cryptocurrency because the all-electronic system means fees are much lower than what credit card companies charge, said Hebold, who set up Luxolo Financial.

That, and the dollar’s ongoing devaluation because of inflation, are Hebold’s main beefs with plain old dollars, he said. Bitcoins should provide a more stable valuation, he said, once the speculation phase dies down.

The ease of making all payments electronically, without the involvement of a bank or credit card company, is another draw, Hebold said. To pay a bill seamlessly and quickly, he said, he can use an app on his phone.

“It’s so easy to use, I don’t have to get out my checkbook or swipe a card,” he said.

But that’s assuming he’s dealing with someone who accepts bitcoins and other online currencies. The number is currently small, and mainly involves individual-to-individual transactions now, but there are a growing number of businesses that deal in cryptocurrencies, he said. Websites that list retailers that accept cryptocurrency show only a handful in Maine, including a cross-fit training center in Westbrook and an online clothing company in Lewiston.

TRANSACTIONS WITHOUT A LICENSE

Hebold is certain that use of cryptocurrencies will grow fast.

“I liken this to email in 1992,” he said. “Maybe one (person) in a hundred has heard of it and one in a hundred uses it.” Hebold said he has helped “many dozens” of Mainers buy bitcoin through his ATM in Portland, but he declined to disclose any names.

Mark Susi, a lawyer with the state Bureau of Consumer Credit Protection, said Hebold is the only person he knows of with a money transmitter license, which requires posting a bond and meeting minimum net-worth standards.

No license is required for direct sales and purchases, he said. For example, he said, there are other ATMs in Maine offering cash for bitcoin or vice versa. But since the owner of the machine also owns the bitcoin, no license is required because there is no third party involved, only the buyer and seller.

https://www.eurasiareview.com/02042018-georgia-first-bitcoin-atm-installed/

A new automated teller machine now offers Georgians a fast and easy way to buy and sell bitcoin and litecoin, Bitcoin.com reports.

Support for bitcoin cash has been promised, and other cryptos will also be added in the future. The ATM has been set up at a burger restaurant in the heart of the Georgian capital Tbilisi.

Cryptocurrencies in Georgia have been gaining popularity in recent years. The country has become a regional leader in the adoption of bitcoin and blockchain technologies. A new cryptocurrency terminal has been set up in Tbilisi offering the opportunity to exchange bitcoins and litecoins with the Georgian lari. The company behind the initiative promises to provide support for bitcoin cash and plans to introduce other cryptos, like ethereum.

The new BATM has been installed at the New York Burger restaurant between Tkvarcheli Street and Merab Kostava Street in the Georgian capital, not far from the 26 May Square. It is operated by a local firm called TPS. The company provides exchange services through cash terminals and an online trading platform.

According to Coinatmradar, another crypto ATM, which also supports bitcoin and litecoin transactions, can be found on 12 Shalva Dadiani Street in Tbilisi. Both teller machines are manufactured by the Prague-based company General Bytes.

A bill to regulate cryptocurrency mining was introduced in Armenia in February. The proposed legislation offers crypto miners tax exemptions and other incentives. Operators of mining facilities will not be required to apply for any permissions or licenses. According to local experts, the draft law will effectively legalize cryptocurrency transactions.

http://dailynexus.com/2018-04-02/student-sets-up-bitcoin-atm-at-i-v-deli-mart/

Cryptocurrency enthusiasts can now purchase bitcoin from an ATM that popped up in Isla Vista earlier this month.

The bitcoin ATM has sold an average of about $600 to $900 worth of bitcoin a day since its installation, according to Harrison Blaufuss, the machine’s owner and a third-year economics major at UC Santa Barbara. Currently, the machine is the only bitcoin ATM in Santa Barbara County.

Blaufuss co-founded the bitcoin ATM company Coind LLC with a hometown friend. They funded the startup costs themselves, confident that the ATMs would provide a steady cash flow.

So far, it has proven noticeable. I.V. Deli Mart customers frequently stop to examine it, mostly out of curiosity, said Deli Mart owner Michael Hassan.

“A lot of people come in and look at it and say, ‘Oh look, bitcoin!’” Hassan said.

But not too many I.V. residents have actually bought in. Blaufuss estimated the machine gets about two to three purchases a day — each worth about $300.

Since its invention in 2009, bitcoin’s popularity has steadily climbed through internet word-of-mouth. Its major selling point is that transactions are encrypted and decentralized, which means it can’t be easily stolen and central banks can’t track the exchanges.

ATMs provide another platform for people to obtain the currency, complementing online exchanges like Coinbase. The ATM in I.V. allows only purchases; withdrawals must be carried out online.

Bitcoin is valued at more than $7,000 per coin as of Saturday, but the amount is strikingly volatile and can sharply rise or decline from day to day. The currency is so speculative that even a single piece of bad news can lead to bitcoin owners dumping and ditching their share of the market.

In just the past four months, the value has plummeted from a record high of nearly $18,000, after news broke that foreign governments are attempting to add regulations to cryptocurrency transactions.

Even Blaufuss has sold all of his bitcoins, though he noted that the value may rebound just as quickly.

“The market right now is just trash,” he said. “Everything is in the gutter. I’ve sold everything.

“But it’s a good time to buy right now, because everything is so cheap,” he added.

Other ATMs have picked up steam after a slow start, said James Forshaw, Blaufuss’ friend and company co-founder.

“College students are a lot more aware of bitcoin and how to use it,” Forshaw said. He and Blaufuss have set up another ATM in Agoura Hills and plan to place one in Oxnard in the near future.

ATM customers don’t have to buy one whole coin every time — since the currency is digital, it can be broken down into fractional amounts that run as many as eight decimal places.

Supporters laud the currency as a future competition to the dollar, given how little encryption and how much oversight currently exists for dollar transactions. But critics have dismissed the currency, calling its popularity a get-rich-quick bubble and comparing it unfavorably with more stable cryptocurrencies like ethereum.

Blaufuss noted in a Facebook post earlier this month that his company would consider adding ethereum to the ATM’s selections.

The enthusiasm behind cryptocurrency is buoyed by a faith that society will one day value encrypted transactions as a serious alternative to trading legal tender. Blaufuss didn’t commit to a philosophical stance, but he does believe the ATM will be successful.

“We want to make it as quick, easy and painless as possible,” Blaufuss said. “And you won’t have to worry about giving your credit card information to companies that can later be hacked. It’s the safest way possible.”   

EasyBit announces the launch of the first bitcoin ATM in the Free Republic of Liberland.
A powerful ATM from the well-known Genesis brand, Genesis1 model (2 ways), which allows its users cryptocurrency buying and selling, making the process easier and offering the best comfort and efficiency.
A meaningful technological advance and inclusion of this growing nation into the cryptocurrency world.
https://easybitatm.com/new-bitcoin-atm-free-republic-liberland/

https://easybitatm.com/new-bitcoin-litecoin-atm-michigan/

New ATM located in Grand Rapids, Michigan at The Geek Group, the non-profit national science institute, a way to purchase cryptocurrency and learn.
902 Leonard St NW, Grand Rapids, MI 49504
2 ways – Satoshi2 ATM
Open: Mon-Sat / 9:30am – 6pm.

https://easybitatm.com/blog/


We’re still expanding to more and more places, this time we’re opening up our new ATM in New Jersey!
Come see our new location!
Chandigarh Trading
2978 John F Kennedy Blvd, Jersey City, NJ, 07306.
It’s a 2ways Satoshi2 Machine
If you want more info about how to host one of our ATMs, please call us:
(303) 219-1680