Topic: Crypto ATM Rapid Growth (Read 151 times)
I hope that when there is an increase in the amount of Bitcoin ATMs that my country is going to be included in them since I haven't seen one in my country and I would love that we have a Bitcoin ATM because our country is a crypto friendly one.
I am in total shock that Crypto ATM businesses are still worth doing in 2021, knowing that we have a lot of cryptocurrency exchanges today with varying levels of privacy and personal information requirements. In 2017 I thought crypto ATMs would stop appearing by 2018 because of the hefty fees and the hassle, but here we are today lmao. I'm really happy to be wrong.
The numbers surprised me too when I learnt just how popular they were in parts of the world and just how many were coming up. Especially in emerging economies, where my experience in my own country in past years showed they weren't popular, maybe today people are more inclined.
Have to say that when I last looked as well, near me and at the international airport (amsterdam) they still weren't popular.
So there clearly is still a lot to understand about who users are and where they are.
I found information according to statista website that in January 2021 we had nearly 14,000 crypto ATM's, and coinatmradar.com is currently showing around 18,700 crypto ATM's,
so that is nice increase for sure especially if we look at that chart, but it's still nothing if we look at bigger picture and compare this with millions of fiat ATM's worldwide.
Only Germany had 58,000 fiat ATM's in 2020 and all Europe have around 400,000, and interesting projection is showing that number of fiat ATM's is in decline because China is almost not using cash anymore, that affected number of ATM's a lot.
If there is no cash, there is no need for ATM machines but people will still need to convert their Bitcoins with centralized digital currencies somehow.
so that is nice increase for sure especially if we look at that chart, but it's still nothing if we look at bigger picture and compare this with millions of fiat ATM's worldwide.
Only Germany had 58,000 fiat ATM's in 2020 and all Europe have around 400,000, and interesting projection is showing that number of fiat ATM's is in decline because China is almost not using cash anymore, that affected number of ATM's a lot.
If there is no cash, there is no need for ATM machines but people will still need to convert their Bitcoins with centralized digital currencies somehow.
I am in total shock that Crypto ATM businesses are still worth doing in 2021, knowing that we have a lot of cryptocurrency exchanges today with varying levels of privacy and personal information requirements. In 2017 I thought crypto ATMs would stop appearing by 2018 because of the hefty fees and the hassle, but here we are today lmao. I'm really happy to be wrong.
There will definitely be a rise in crypto ATMs worldwide as the world is still in the stage of crypto introduction. However, when adoption is already reaching mainstream as in people are already very familiar with crypto, countries are already accepting it as a payment alternative, businesses are already accepting crypto payments, and so on, online options will probably be more utilized than crypto ATMs. When it comes to a digital currency, there is actually not much need for a physical teller machine.
I'm just going to leave this here. Private Equity Firms and Capital Investors have their eye on Crypto ATMs right now.
This impressive chart showing nearly 20k Crypto ATMs currently, I wouldn’t doubt more than 60k in next 4-5 years time.
Adoption and recognition is on the move and its no surprise that we would see bigger or up rise numbers on here and you are right that influx in numbers on 4-5 years time is inevitable.This impressive chart showing nearly 20k Crypto ATMs currently, I wouldn’t doubt more than 60k in next 4-5 years time.
Cryptocurrency becomes more known and popular as day passed and these growth can really be seen which is really good for overall acceptance.
We are really hoping for the same thing which is global adoption where people can make or transact crypto just like on what we're doing on fiat transactions.
I'm just going to leave this here. Private Equity Firms and Capital Investors have their eye on Crypto ATMs right now.
This impressive chart showing nearly 20k Crypto ATMs currently, I wouldn’t doubt more than 60k in next 4-5 years time.
This impressive chart showing nearly 20k Crypto ATMs currently, I wouldn’t doubt more than 60k in next 4-5 years time.
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