What is Crypto ATM Market?
The rising popularity of cryptocurrency will help to boost the global crypto ATM market in the forecasted period. It is also called a bitcoin ATM. It looks the same as the normal one and is usually used to either exchange cryptocurrency or can also be used to withdraw money. The customers can load or unload cash so as to buy or sell digital currencies like Bitcoins on ATM. It is a kiosk that permits a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs provide bi-directional functionality that can able to the purchase of Bitcoin and the sale of Bitcoin for cash. These machines are not exactly similar to traditional ATMs but work in the same fashion. Bitcoin ATM kiosks are machines that are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin.
The market study is being classified by Type (One Way and Two Way), by Application (Banking, Retail and Others) and major geographies with country level break-up.
General Bytes (Czech Republic), Genesis Coin (Austalia), Lamassu (Spain), Bitaccess (Canada), Covault (United States), Coinsource (Operator) (United States), Bitxatm (Germany), Coinme (Operator) (United States), Orderbob (Balkans) and Rusbit (Russia) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Crypto ATM market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Crypto ATM market by Type, Application and Region.
On the basis of geography, the market of Crypto ATM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The rising Installations of crypto ATMs in bars, restaurants, general stores, and gas stations
- The growing demand due to the fluctuating financial regulations
- The growing popularity of cryptocurrency
- increasing installations of these ATMs in the hospitality industry
- The uncertain regulatory status of cryptocurrencies
- The rising awareness regarding crypto ATM machine
- The the acceptance of crypto-currency across various industries and increasing popularity of crypto currency
- The lack of awareness and technical understanding regarding cryptocurrency
Key Target AudienceCrypto ATM Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Crypto ATM Market?
"The rising Installations of crypto ATMs in bars, restaurants, general stores, and gas stations
" is seen as one of major growth factors of Crypto ATM Market in years to come.
2. Can we have customized study for Crypto ATM Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.