(+1) 614-588-8538 Crypto ATM Market Forecast to Reach $1.76 Billion by 2025 “Adoption of Digital Transactions as a Substitute of Cash Culture Has Boost Up the Crypto ATM Market.” BriefingWire.com , 4/16/2021 – The market for Crypto ATM Market is forecast to reach $1.76bn by 2025, growing at a CAGR of 54.95% from 2020 to 2025.The Crypto ATM Market is estimated to witness a sustainable growth over the forecast period due to growing fund transfers in emerging countries, unstable financial regulations and increasing installations of Crypto ATMs in restaurants, bars, general stores, gas stations and other daily use public stores are the factors driving the growth of the Crypto ATM market.Adoption of digital transactions as a substitute of cash culture has boost up the Crypto ATM Market.Its vast adoption especially in the developing countries where it acts as a digital asset designed to work as a medium of exchange which provides a secure transaction record, to avoid any sort of middle-man as it does not exist in physical form and is not controlled by central banking bodies.Lack of awareness and technical understandings restraints the market growth globally.The fear of piracy and security among the users cause restraint in Crypto ATM Market.
Key Takeaways
The Crypto ATM Market is estimated to witness a sustainable growth over the forecast period due to growing fund transfers in emerging countries, instable financial regulations.
Installation of Crypto ATMs in restaurants, bars, general stores, gas stations and other daily use public stores has uplift the market growth.
The acceptance of Crypto currencies across various industries and various public-sector organizations in majority of the geographical regions has promoted the Crypto ATM Market.
The vast adoption of crypto currencies like Bitcoin in leading start-up companies, academic institutions and E-commerce stores for payments in turn impels a high market growth and this forecast is expected to rise significantly in the coming years as well.
Many of the leading economies like US, Canada, China, Japan and Others have legalized the use of crypto currency which has encouraged mankind in digital transactions.
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Crypto ATM Market Drivers
Rise in number of transaction mediums drives market growth
Emerging economies in Asia-Pacific are contributing considerably in Crypto ATM market especially in terms of E-commerce and Academic Institutions by offering various methods of transactions.
Initiatives taken by Government
The significant increase in the adoption of Crypto Currency as a new medium of transactions acquired globally has brought the governments of many leading countries such as Mexico, Canada and others to legalize the use of Bitcoins and other crypto currency.
The Crypto ATM Market top 10 companies are General Bytes, Genesis Coin, Lamassu, Covault, Bitaccess, Coinme, Coinsource, Bitxatm, Orderbob, RUSbit, Bcash Greece Inc., Tembusu, Cryptomat, BlockTech, PayMaQ Bitnovo and BTCPoint.
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