Topic: Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report - page 3. (Read 1473 times)
September 02, 2018, 06:17:18 AM
It's not surprising at all when you look at the level of acceptance it's getting despite negative publicity. The market will keep welcoming new entrants and as it grows, efforts will be made to solve perceived problems like depositing and withdrawal in fiat which is what the ATM will solve
September 02, 2018, 06:09:48 AM
I definitely like bitcoin ATMs because of the anonymity factor(unless the ATM has a camera in it, or requires an ID). If only the price cuts weren't gigantic though. The maximum price cut I'm personally willing to pay would probably be at 5%.
"Currently, bitcoin ATMs charge an average transaction fee of 8.93 percent"
Source: https://www.cbsnews.com/news/wait-i-can-get-bitcoin-at-that-atm/
I don't know about that, but where I'm from, Bitcoin ATMs are said to be around 15%. That's too much.
"Currently, bitcoin ATMs charge an average transaction fee of 8.93 percent"
Source: https://www.cbsnews.com/news/wait-i-can-get-bitcoin-at-that-atm/
I don't know about that, but where I'm from, Bitcoin ATMs are said to be around 15%. That's too much.
September 02, 2018, 05:49:04 AM
Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report
As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period.
This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the cryptocurrency ATM market will grow at a compound annual growth rate of 54.7% between 2018 and 2023. Consequently, the value of this market will rise to a figure of $144.5 million in the five-year period.
At the moment, the number of bitcoin ATMs in the world is 3,650, up from a figure of 3,500 that CCN reported early last month. On a daily basis, an average of approximately four bitcoin ATMs are installed, according to cryptocurrency ATM tracking website, Coin ATM Radar. It is estimated that the cryptocurrency ATM market was worth $6.8 million last year but has since then grown to reach a figure of $16.3 million in 2018.
Buy-and-Sell ATMs
The study also determined that two-way ATMs, which allow users to both buy and sell cryptocurrencies from a single device, will enjoy a higher CAGR compared to one-way ATMs. However, one-way ATMs currently dominate the market at 62.49% against a percentage of 37.51% for two-way ATMs.
Regarding hardware, the display segment of the bitcoin ATM market is expected to emerge as the more popular one over time, according to the study. At the moment, other segments include QR Scanner and ATM Printer types. The user-friendliness of the display hardware will be largely responsible for the popularity. Additionally, for those looking to set up bitcoin ATMs, the display hardware comes with the added benefit of bringing cost savings since there is no need for keyboards and other extra hardware.
https://www.ccn.com/global-bitcoin-atm-market-to-be-worth-145-million-by-2023-report/
As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period.
This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the cryptocurrency ATM market will grow at a compound annual growth rate of 54.7% between 2018 and 2023. Consequently, the value of this market will rise to a figure of $144.5 million in the five-year period.
At the moment, the number of bitcoin ATMs in the world is 3,650, up from a figure of 3,500 that CCN reported early last month. On a daily basis, an average of approximately four bitcoin ATMs are installed, according to cryptocurrency ATM tracking website, Coin ATM Radar. It is estimated that the cryptocurrency ATM market was worth $6.8 million last year but has since then grown to reach a figure of $16.3 million in 2018.
Buy-and-Sell ATMs
The study also determined that two-way ATMs, which allow users to both buy and sell cryptocurrencies from a single device, will enjoy a higher CAGR compared to one-way ATMs. However, one-way ATMs currently dominate the market at 62.49% against a percentage of 37.51% for two-way ATMs.
Regarding hardware, the display segment of the bitcoin ATM market is expected to emerge as the more popular one over time, according to the study. At the moment, other segments include QR Scanner and ATM Printer types. The user-friendliness of the display hardware will be largely responsible for the popularity. Additionally, for those looking to set up bitcoin ATMs, the display hardware comes with the added benefit of bringing cost savings since there is no need for keyboards and other extra hardware.
https://www.ccn.com/global-bitcoin-atm-market-to-be-worth-145-million-by-2023-report/
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