Global Cryptocurrency ATM Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028 – Growing Demand For cloud among financial firms, the increase in government initiatives to deploy crypto ATMs, and the growing popularity of cryptocurrency are some of the major factors driving the growth of the global Crypto ATM market.
Global Cryptocurrency ATM Market is valued at $53.5 million in 2021 and should reach 1339.6 million USD by 2028 with a 58.4% CAGR over the forecast period.
Global Scope Cryptocurrency ATM Market:
A cryptocurrency is an alternative form of payment for cash, credit cards, and checks. In cryptocurrency, the customer sends money directly without interacting with the bank. Crypto ATM is an ATM through which individuals can easily transfer Cryptocurrencies through ATM to buy Cryptocurrency through Crypto ATM, person needs to go through KYC, enter Crypto wallet address for deposit, enter the order money via Crypto ATM and finally confirm the transaction. Crypto ATMs automatically generate receipts for each transaction. For security reasons, these receipts contain public and private keys in the form of QR codes.
The Covid-19 pandemic has shown an optimistic impact on the growth of the global Crypto ATM industry owing to the increase in investments in Cryptocurrencies. Also, before the epidemic, the growth of cryptocurrencies slowed down, but during the pandemic, there was a significant increase in investments in Bitcoin, Ethereum, Dogecoin and others. This, in turn, has become a major growth factor for the crypto ATM market amid the global health crisis.
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Global Cryptocurrency ATM Market Segmentation:
The global crypto ATM market is segmented into type, ATM hardware, coin, application, operation, capacity, and regional and country level. Based on type, the crypto ATM market is segmented into one-way and two-way. Based on ATM hardware, the crypto ATM market is segmented into display, ATM printer, QR scanner and others. Based on coins, the market is segmented into Coin, Bitcoin (BTC), Litecoin, Ethereum (ETH), Dogecoin, Bitcoin Cash, Dash, Tether (USDT) and others. Based on application, the crypto ATM market is segmented into commercial spaces, restaurants, hospitality spaces, transportations, hubs, stand-alone units, and others.
By ATM hardware:
- ATM printer
- QR reader
By piece :
- Piece of money
- Bitcoin (BTC)
- Ethereum (ETH)
- bitcoin money
- Tether (USDT)
- Commercial Spaces
- Reception areas
- Transportation hubs
- Standalone units
Regions covered in this Crypto ATM market report are North America, Europe, Asia-Pacific and Rest of the World. Based on country level, the global Crypto ATM market is sub-segmented into United States, Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc
Crypto ATM Companies
Some of the Key Coverage of the Global Crypto ATM Market Report are:
- GENERAL BYTES sro
- Genesis Coin Inc.
- Lamassu Industries SA
- Covault, Bitaccess Inc.
- Coin Operated ATM Radar
- Cryptomat and others.
News: the first cryptocurrency ATM would have been installed in Uruguay
January 15the, 2022; The first cryptocurrency ATM has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a significant milestone for the country, which is estimated to have between 40,000 and 50,000 cryptocurrency users, whose primary avenue for buying crypto is through peer-to-peer marketplaces.
GENERAL BYTES sro announced that the company has sold 7000 Bitcoin ATMs
March 21thst, 2021; The 7,000 machines were shipped to the United States, the #1 country in number of deployments, and currently has more than 14,000 machines installed in the United States. The company also sees a trend where customers order large batches of ATMs at once, signaling the commercialization of the market.
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North America is expected to dominate the global crypto ATM market with the largest revenue over the forecast period. North America is home to many major market players such as Bitcoin Depot, Coin Cloud, and CoinFlip. Moreover, the deployment of crypto ATMs in public places has had a significant impact on the growth of the market, especially in the United States. International airport. Crypto ATMs will allow passengers to buy and sell digital currencies at airports. In 2017, the Mexican government declared Bitcoin legal, and it will be regulated by the FinTech law. Additionally, Canada has reported significant seed activity, particularly for cryptocurrencies.
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- What is the global and regional market size in terms of revenue, sales and production?
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- Which region dominates the global market and what are the market shares of each region in the global market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
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