The Future of Cryptocurrency ATMs
The phenomenal rise in popularity of cryptocurrency had led to a spike in demand for crypto ATMs. These ATMs facilitate the exchange and spending of cash invested into crypto assets. Currently, the competition between crypto ATM manufacturers is at an all-time high.
2017 was a good year for cryptocurrency registering an increase in prices of various cryptocurrencies. However, crypto trade still happens to be riddled with problems. Besides stringent moves taken by the government to regulate the circulation of these assets, the industry suffers many barriers to entry like the lack of avenues to buy these cryptocurrencies. Crypto ATMs have provided the solution for these problems and the number of crypto ATMs have been projected to grow in leaps and bounds over the next five years.
Bitcoin ATMs allow crypto traders to buy and sell with ease and convenience, increasing the adoption rate of the coin in the process.
Changes expected on the BTM end
So what are some of the changes we can expect with regards to cryptocurrency ATMs in the future? Let’s take a look –
- The Asia Pacific region is slated to get more crypto ATMs. At the moment, more than half the concentration of the world’s crypto ATMs is located in the North America-Europe region.
- In general, the number of crypto ATMs to increase the world over. The more digital asset awareness increases, the more people want the ease of access that a crypto ATM provides to carry out crypto buying and selling.
- These Bitcoin ATMs also offer the services for at least one Altcoin and are expected to increase as time goes by.
Cryptocurrency exchange is no longer solely the domain of tech-insiders. People today are keen on learning about the digital currency and understanding how they can go about using it. The cryptoverse may baffle the newbie initially with its lack of platforms to carry out crypto-trade and high exchange fees. Cryptocurrency ATMs are a relief to these people, facilitating the quick and easy exchange of crypto assets. Most crypto ATMs are situated in the West. The coming years will witness the concentration of these crypto ATMs expanding all over the world. The East will have its share too. However, for now, the number will only keep growing in the US and surrounding regions as more and more Bitcoin ATMs spring up to the potential crypto enthusiast’s joy.
Gedi is passionate about fast cars, video production, travels and the Internet. He has years of experience working as User Interface Engineer with a demonstrated history of working in the information services industry. Skilled in Web Applications, NodeJS, React, Redux and UI. Growing interest in Bitcoin and cryptocurrencies, he joined TheDailyCoins as a writer.