Cryptocurrency ATM Growth Hits Exponentially to 4,000 Machines Worldwide

somendra94 (36)in #bitcoin • 6 years ago

Coinatmradar.com issued a global statistics according to it, there are now approx 4,000 cryptocurrency automated teller machines (ATMs). Moreover, there’s been a huge influx of bitcoin cash ATMs over the past year as there are now 1,200 BCH dispensing devices located around the world.

The Advance of Digital Asset ATMs.

There are various ways people can purchase bitcoin cash and a slew of other cryptocurrencies around the world and one of them is through the use of ATMs. Digital asset dispensing ATMs have been popular since they were first introduced, and over the past two years, their worldwide growth has been exponential.In November, data from Coinatmradar.com shows the metric will likely reach 4,000 ATMs very soon as the current number of ATMs is 3,993 machines worldwide. Additionally, there are 141,000 ATM-like services that sell cryptocurrencies through mobile payment terminals, vouchers, and even traditional bank ATMs. 1,200 machines out of the world’s 4,000 units allow users to purchase and sell the decentralized currency bitcoin cash.

Recent Study Suggests Cryptocurrency ATM Ecosystem May Grow Over 50% per Year

The biggest digital asset ATM manufacturer today is
Genesis Coin which captures 32%
of the market share of all machines. General Bytes comes in a close second with 29.2% and then
Lamassu (10.9%),
Bitaccess (5.4%),
Coinsource (4.8%),
and Covault (2.7%). Out of all the crypto ATMs worldwide, 61.7% of the machines are one-way devices, which means they only sell cryptocurrencies. Only 38.2% of all virtual currency ATMs are two-way machines, meaning that they not only sell cryptocurrencies but also buy them.
So What do you think about the growth of cryptocurrency ATMs worldwide? Let us know what you think in the comments.