Bitcoin ATM Installations and Operator Growth 2021-2022- Industry Research

[tread93]

Love it.

Does anyone else think that they should be called as ATC machines?

ATC- All time crypto. 

Interesting to see so many players are into this now and they growing the number of machines as well as its availability so that more people can use it with free will.

Crypto currencies definitely need such connectedness outside the blockchain. ATC’ are doing the same.

One of my most hopeful and new clients actually calls their BTMs "AFCs" for Autonomous Financial Centers, and they are placing Bitcoin ATMs in some major retailors this year (That I can't exactly name due to an NDA)!!! They are talking serious numbers!!!!

[tread93]

With a share of over 95% in North America, can we even say that something good is happening in the rest of the world?

If this isn't proof of the adoption of Bitcoin then I don't know what is. Mind you this is also a physical presence of Bitcoin at your every day convenience stores which I think is pretty powerful to generating more awareness to the general public and definitely fosters curiosity.

You make a conclusion based on an incomplete picture, because if the number of crypto ATMs on one continent is constantly growing and falling in the rest of the world, it is proof that 95% of the world is actually going backwards in this regard. In addition, awareness is one thing, and buying BTC on such a device is quite another - when people realize that they can buy BTC without a 10% fee, they will certainly no longer use such devices.

Depends on how you look at it, couldn't it equally mean that the rest of the world is falling behind by 95% in the space? The UK actually had around 500-1k before they banned them. And surely ATMs aren't going anywhere. Many of those ISOs and ATM operators are actually just uploading a software from LibertyX or some other company for example and BAM you can buy bitcoin right there on a regular ATM now. Other nations need more regulation and visibility into this and they obviously just haven't done their due diligence like North America has from a legal and regulatory perspective. And like I said some have outright banned them making them very hard to be lucrative if you're running from the law. I can assure you that many of my clients are looking to deploy more and more of these overseas and some of them already have in other countries.  

[tread93]

I don't see this as very bullish. The attraction of ATMs is the non KYC, as they charge high fees and paying those fees with KYC does not make sense.

Seeing that more and more KYC is required, I understand that in the future KYC will be required for any amount, as it already happens in many cases, so I don't see much future for ATMs.

These are good points. Many people stray away from ATM operators that don't have KYC or AML so they are more "under the radar" but all of these operators eventually dissolve because the FBI/CIA gets involved and shuts them down. I've seen an article about it recently in NY.

As far as the comment on the lack of a future for ATMs in general if we move away from paper currency you may be right at least with the traditional ATMs, but even those will get replaced to be used with smartphones etc. But Bitcoin ATMs are very advanced touch screens and they can actually adopt other products and services to use them for by using APIs and software which actually might save them in the future if they don't catch on how we think they will. Another piece of market research I saw today said by 2030 they expect the Bitcoin ATM market to increase by 56%

[tread93]

I don't see this as very bullish. The attraction of ATMs is the non KYC, as they charge high fees and paying those fees with KYC does not make sense.

Seeing that more and more KYC is required, I understand that in the future KYC will be required for any amount, as it already happens in many cases, so I don't see much future for ATMs.

These are good points. Many people stray away from ATM operators that don't have KYC or AML so they are more "under the radar" but all of these operators eventually dissolve at least in the US because the FBI/CIA gets involved and shuts them down. I've seen an article about it recently in NY.

As far as the comment on the lack of a future for ATMs in general if we move away from paper currency you may be right at least with the traditional ATMs, but even those will get replaced to be used with smartphones etc. But Bitcoin ATMs are very advanced touch screens and they can actually adopt other products and services to use them for by using APIs and software which actually might save them in the future if they don't catch on how we think they will. Another piece of market research I saw today said by 2030 they expect the Bitcoin ATM market to increase by 56%

[Retiicle]

This is a precise piece of the data. I think this decrease is seen due to the strict rules regarding KYC.