Bitcoin ATM industry will grow 54% every year, according to report

[plus1coin]

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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[anushkasachith888]

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.

[BumblingBee]

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.

[Rangerman]

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.

[Wrathhawk]

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.

[rickyrich45]

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.

[bitcoinminer566]

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.

[colvis]

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.

[InnocentDemon]

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.

[SoliDCoiNs777]

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.

[indoagung88]

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.

[bitcoinminer566]

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.

[Spontebob]

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.

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.

[Baooroe]

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.

[goldencrypto7100]

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.

[crypto-bit456]

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.

[Faemon]

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

[malilale]

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

[bitcoinhunter888]

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.

[ribowo76]

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