New York (USA):- Global Crypto ATM Market is valued at around USD 39.0 Billion in 2021 and is expected to grow with a healthy growth rate of over 54.7% over the forecast period 2022- 2028.
Crypto ATM is basically used to easily transfer cryptocurrency through an ATM. Cryptocurrency is an alternative form of payment to cash, checks and credit cards. The rise in digital funds transfer has led to the adoption of Crypto ATM over the forecast period.
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For example: according to the International Monetary Fund in 2020, digital forms of money transfer are benefiting emerging markets and lower economies, according to the source, the adoption of digital money transactions is growing rapidly in 95 countries, to the amount of around $2. billions of transactions via digital modes every day. The increasing installation of crypto ATMs in bars, restaurants and general stores etc. is driving the growth of the Crypto ATM market. Moreover, with the growing acceptance of cryptocurrency across all industries, the adoption and demand for crypto ATMs are likely to augment the market growth over the forecast period. However, lack of technological awareness and knowledge is hampering the growth of the market during the forecast period 2022-2028.
Geographical regions considered for the analysis of the Global Crypto ATM Market include Asia-Pacific, North America, Europe, Latin America, and Rest of the World. North America is dominating the region across the globe regarding the huge market share owing to the presence of large number of crypto ATMs, rising awareness in the adoption of digital money transfer , etc. While Asia-Pacific is also expected to reach maximum growth rate during the period 2022-2028. Factors such as increase in government initiatives towards the adoption of digitalization in money transfers, increasing adoption of online payment methods by bars, restaurants and general stores would create forecasts of beneficial growth for Crypto ATM market in Asia-Pacific region.
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The major market players included in this report are:
- GENERAL BYTES (Czech Republic)
- Genesis Coin (US)
- Lamassu (United Kingdom)
- COVAULT (United States)
- Bitaccess (Canada)
- Coinme (USA)
- Coinsource (USA)
- BitXatm (german)
- Orderbob (Austria)
- RusBit (Russia)
The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values to the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Furthermore, the report also provides detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report should also incorporate the opportunities available in the micro markets for stakeholders to invest in, along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
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By ATM hardware:
Rest of the world
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