Cryptocurrency ATM Market - Factors Driving Growth Post 2018

1. Global Cryptocurrency ATM Market Trends, Analysis, And Forecast To 2025 Cryptocurrency ATM are machines or kiosks connected to internet which allow the inclusion of cash in exchange of cryptocurrencies such as Litecoin, Bitcoin and others. The ATMs generates paper receipt which allocates the money to a public key on the blockchain. Cryptocurrency or virtual currency is a medium of exchange generated and stored electronically in the blockchain using the encryption techniques for controlling the creation of monetary units and for verifying the transfer of funds. Bitcoin, Ethereum, Litecoin and Dogecoin are few crypto coins available and are dominating the market. In some cases, the transaction entails the users to have current accounts along with the operator. Moreover, these machines are also introduced to support multiple wallets and exchanges and are programmed to support any nation currency of various denominations. Growing acceptance of decentralized means of transaction is expected to fuel the market over the forecast period. Growing number of investors, and user confdence in cryptocurrencies, are also projected to spur the industry demand. Also, increasing mining complexity and growing awareness among the consumers for the crypto coins is further expected to enhance the demand. According to the Coin ATM Radar, the number of bitcoin ATMs is increasing at a steady growth rate of 1.72 ATMs per day. Get PDF with Technological trends at https://www.xpodenceresearch.com/Request- Sample/105803 In 2017, Coinsource, one of the major players in the bitcoin ATM industry from California has added 14 new ATM machines in Southern and Northern California. The company installation rate has increased from 1.2 machines per week in 2016 to 2.3 machines per week making a total of 39 units in the region. The ATM machines installed by Coinsource network are “one way” machines which is only used for buying the bitcoin but the consumer cannot sell the bitcoin. Two-way ATM machines globally represent only one-third of the supply (approx. 30%), which also allows consumer to sell the crypto coins, i.e., bitcoin for approved cash and one-way ATM machines two-third of the market share around 70%. However, companies such as Lamassu are installing the Ethereum ATM’s. The processing time of Ethereum ATM’s is quite less as compare to the Bitcoion ATM’s. An Ethereum ATM takes few seconds for completing a transaction whereas Bitcoin ATM takes around 10 min to complete a transaction. Lamassu has launched approximately 196 ATMs holding a noble share in crypto ATM in the international market.

2. However, the issuing fee associated with transaction made for buying the crypto coins is expected to restrain the market. Furthermore, the providers and manufacturers of the ATM machine are different results in support issues and less efcient ATMs which is also anticipated to hinder the industry. Obtain Report Details with technological advancement at https://www.xpodenceresearch.com/Reports/Cryptocurrency-ATM-Market North America region remains the dominating region in terms of value and volume owing to the maximum installations of ATMs in the region such as U.S., Canada and is also expected to dominate the market share over the forecast period. The region is then followed by Europe, Asia Pacifc and Latin America. The Key manufacturers in the market include Genesis Coin, General Bytes, Lamassu, Coinsource, BitAccess, Covault, and BitXatm. About Us: Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe. We offer the comprehensive market research solution for all the industries by performing the in- depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specifc requirements. The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various signifcant decisions based on productivity and output globally. Our services are tailored specifcally to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production. Contact Us: Xpodence Research 244, Madison Avenue New York City, NY - 10016 United States Toll Free +1- 844-445-2861 Email: sales@xpodenceresearch.com