Crypto ATM Market Forecast to Reach $1.76 Billion by 2025
Full Report Link @ https://www.industryarc.com/Research/Crypto-Atm-Market-Research-505294
Crypto ATM Market Segment Analysis - By Type
Unidirectional (1-Way) Crypto ATM has dominated the Crypto ATM Market, the demand for 1-way crypto ATMs is growing due to its basic and easy functionality feature. A 1-way crypto ATM offers traditional transaction features where it allows the insertion of cash and withdrawal of Bitcoin only. 1-Way Crypto ATMs are just as regular ATMs, as these are user-friendly and basic operating knowledge is required. 1-Way Crypto ATM are chiefly installed in North America followed by Europe. Due to continues market demands of multi transaction mediums, growing number of investors and growing user-confidence, 2-Way Crypto ATM may later dominate the market in forecast period as it offers multiple options for cryptocurrencies and fiat currencies trading in majority of public stores and other services. In a 2-way ATM, a user can buy cryptocurrencies and sell them using a single machine.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=505294
Report Price: $ 4500 (Single User License)
Crypto ATM Market Segment Analysis - By Application
Restaurants, Transportation Hubs and Others are some of the sectors which holds the largest market in Crypto ATM Market applications. The quick and secure transaction facilities for all goods and services has uplifted its market globally. Crypto ATMs also provides the benefit of fund transfers across the globe. The adoption of Crypto currency promotes cashless payments and transactions in the retail sector which is creating new opportunities for the Crypto ATM Market. This method of increasing the options in the markets for using cryptocurrencies by installing more and more crypto ATM’s has dominated the Crypto ATM Market.
Crypto ATM Market Segment Analysis - By Geography
North America accounted for being the highest market among all the regions by geography. The market growth in this region is predominantly rising due to United States, which has the highest service providers of hardware and software used in production of Crypto ATM’S. Other countries of North America such as Mexico have legalized the use of Crypto currencies where Bitcoin is being highly used for transactions. North America followed closely by Europe, is expected to grow rapidly and overcome former region by 2025.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=505294
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. Unstable financial transactions provide Crypto currency a medium to be adopted as it provides a new trend for quick and secure transactions. Especially region where there is majority of people who don’t have their own bank accounts are using Crypto currency ATM’s for transactions. The installation of new Crypto currency ATM’s for improving the global connectivity further helps in expansion of Crypto ATM Market.
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. Various public stores and retail markets run by government now accept this mode of payment and to provide quick transactions the Governments have installed many Crypto currency ATM’s globally. Electronic currency which drives the Crypto ATM Market making it adoptable in these regions as well just by other respective names. Government also promotes this type of transaction for funds transfer globally.
Crypto ATM Market Challenges
Lack of awareness and threat of piracy
One of the major challenges faced by Crypto ATM Market globally is the lack of awareness and technical understanding regarding cryptocurrencies for crypto ATM manufacturers and operators. Threat of piracy and irregularities in crypto currency value restraints the Cryptocurrency ATM market. Major Key players accept digital payment and the number of fund transfers in cryptocurrencies has increased rapidly because of which there is increase in demand for automated teller machines. High usage fees and non-refundable transactions, associated with the machines are hindering the crypto ATM market growth. The ATMs demands much higher conversion fees as compared to the conventional ATMs. The transactions are non-refundable and irreversible as they are not operated by banks and businesses which causes trust issues among the users. Strict government regulations that prohibit the usage of cryptocurrency in countries such as India, China, Russia, Bangladesh and Others are hindering the crypto ATM market growth.
Crypto ATM Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Crypto ATM Market. The Crypto ATM Market is dominated by major companies such General Bytes, Genesis Coin, Lamassu, Covault, Bitaccess, Coinme, Coinsource, Bitxatm, Orderbob, RUSbit, Bcash Greece Inc., Tembusu, Cryptomat, BlockTech, PayMaQ Bitnovo and BTCPoint.
In July 31,2020 General Bytes launched the new EveryTrade, a new cryptocurrency accounting package that helps in tracking your portfolios, manage your transactions, analyze your profits and calculate your taxes and is used by investors, traders, accountants, tax consultants, fund administrators, ATM operators, blockchain businesses and crypto miners alike.
In December 6, 2017 The Covault app launched a key encryption linked to the user's biometric signature on their phone, which enables a person to digitally protect their sensitive information from being accessed without authorization.
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.
Related Reports :
A. Digital Transaction Management Shipment Analysis Market
B. Quantum Cryptography Market
For more Electronics Market Reports @ https://www.industryarc.com/Domain/9/electronics-market-research-report.html
Phone: (+1) 970-236-3677
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Crypto ATM Market Forecast to Reach $1.76 Billion by 2025 here
News-ID: 2272525 • Views: 4228
More Releases from IndustryARC
Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air
India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
The India P2P lending Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 21.6% during the forecast period 2021-2026. The Peer to Peer Lending Market growth is attributed to increasing transparency in P2P lending with technologies such as block chain and smart contracts being incorporated into lending platforms. The Indian Government’s enthusiastic promotion of cashless technologies has also managed to restructure the financial
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the
More Releases for ATM
ATM Market 2019 Analysis & Forecasts to 2027
The ATM Market supports various industries, product manufacturers, organizations, vendors, and suppliers by opening doors for them with many opportunities to expand their business at the global and regional level. Some of the major market holders at the global and regional level are competing with one another and developing organizations in terms of sales, supply, manufacturing quality products, revenue generation, and providing satisfactory after-sales services to the clients. The report also
MaxCash Provides Mobile ATM Solution for Events
SPRINGFIELD, MO – JUNE 2, 2019 – Non-bank ATM provider MaxCash satisfies the demand for easy access to cash at trade shows, festivals and other events. The independent ATM provider operates in Missouri, Arkansas, Kansas and Oklahoma. Its full-service program provides a costless solution for event hosts in need of mobile ATMs. When attendees withdraw money from an ATM at an event, they usually spend that money at the event. It satisfies
Next-Gen ATM Market Report 2018: Segmentation by Solution (Deployment and Manage …
Global Next-Gen ATM market research report provides company profile for DIEBOLD INC., Euronet, Fujitsu, GRG Banking, HESS Terminal Solutions GmbH & Co., Hitachi Payment Services Pvt. Ltd., Nautilus Hyosung, NCR Corporation, Triton Systems of Delaware LLC, Wincor Nixdorf AG. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of
The ATM Industry Association estimates that there are more than 3 million ATM machines spread across the world. ATM machines have enabled customers to withdraw cash and conduct financial transactions instantaneously without the need of human interaction in the form of a bank teller, cashier or clerk. Persistence Market Research felt the time was ripe to study the ATM market in a new report titled ‘Automated Teller Machine (ATM) Market:
Global ATM Machine Market Research Report 2017
“Global ATM Machine” is a comprehensive market study, which has been created with a sole goal to armor existing and new players to gain advantage over their competitors. For the development of the report, proven research methodology and reliable analytical tools are applied to gain accurate understanding and insightful foresight into its potential development. The report presents figurative scenario of the market in current situation as well as forecasts the
ATM Market Rugged Expansion Foreseen by 2021
ATM is the abbreviation used for “Automatic Teller Machine”, which is a product of technological advancement developed to enhance the financial services such as cash withdrawals, funds transfer, cash deposit, transactions as payment of bills by credit card or debit card, mini statements and other financial enquiries. ATM does all these processes by an accessing personal identification number (PIN) & a plastic card having a magnetic strip over it containing