One Way Crypto ATM Market to Witness Staggering Growth by 2030
The global One Way Crypto ATM Market experienced significant strength in 2021 and is projected to achieve a rapid revenue growth rate over the forecast period. Factors such as the increasing popularity of cryptocurrencies, the installation of One Way Crypto ATMs in various establishments like restaurants and gas stations worldwide, and the growing adoption of crypto among the younger generation are expected to drive the market’s revenue growth. Furthermore, the rise in cross-border transactions, the expanding network of One Way Crypto ATMs in major countries, and favorable government regulations pertaining to digital currency are additional factors anticipated to contribute to revenue growth throughout the forecast period. Cryptocurrency ATMs offer a convenient means of purchasing various cryptocurrencies using payment cards, enabling users to securely and quickly invest in multiple digital assets.
A cryptocurrency ATM is a terminal that allows users to buy cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others using bank cards or cash. These ATMs utilize internet-based cryptocurrency platforms to manage transactions and generate blockchain-based transfers that send cryptocurrencies to users’ digital wallets via QR codes. All funds involved in One Way Crypto ATM transactions are securely held within the wallet, eliminating the need for separate cards or accounts typically associated with traditional banking. Some One Way Crypto ATMs are also capable of facilitating the sale of digital currencies in exchange for cash. These ATMs may come in different forms, including standalone units or built-in fixtures on walls or stands. Moreover, even users without cryptocurrency wallets can purchase crypto from these ATMs, as many of them generate a new wallet and provide a receipt containing a public and private key. The use of cryptocurrency ATMs not only saves time and ensures privacy with instant transactions and two-step verification but also enhances user anonymity by requesting a phone number for transactions below a certain threshold, protecting the identity of individuals and encouraging more customers to engage in crypto purchases. These factors are expected to contribute further to the market’s revenue growth in the forthcoming years.
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Competitive Landscape:
Bitcoin Depot
Bitstop
Cash Cloud, Inc.
Coinsource
Covault, LLC
GENERAL BYTES s.r.o.
Genesis Coin Inc.
Kurant GmbH
Lamassu Industries AG
RockitCoin
General Bytes
Bitxam
Coinme
Bitaccess
Type Outlook (Revenue, USD Billion; 2019-2030)
One Way One Way Crypto ATM
Two Way One Way Crypto ATM
Offering Outlook (Revenue, USD Billion; 2019-2030)
Software
Hardware
Coin Outlook (Revenue, USD Billion; 2019-2030)
Bitcoin
Bitcoin Cash
Ethereum
Dogecoin
Dash
Tether
Litecoin
Others