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

[Adyle]

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.

[xanaxxx]

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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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?

[CryptoBry714]

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,

[Antelopez2]

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.

[Eurobot]

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.

[blackrain321]

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.

[easycoin995]

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.

[CoinOnTheBeach321]

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.

[blackandwhite89]

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.

[mitchel_am]

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

[rabia_laskor]

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.

[roadwell890]

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

[virendarnagpal]

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. 

[coinwizard_]

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

[pakhitheboss]

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.

[Nanbaka]

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

[matthewoz101]

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.