Bridging Fiat and Digital Currency: Innovations in Crypto ATM Technology

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Crypto Automated Teller Machines are used by consumers to buy different types of crypto-currencies e.g. Bitcoin, Litecoin, Dogecoin

Global Crypto Automated Teller Machine market size was valued at US$ 107.58 Million in 2022 and the Crypto Automated Teller Machine revenue is expected to grow at 40.5% through 2023 to 2029, reaching nearly US$ 1162.74 Million.

Market Overview:

The Crypto Automated Teller Machine market analysis offers a comprehensive view of competition, encompassing market share and profiles of key competitors worldwide. This research delves into the Crypto Automated Teller Machine Market thoroughly, examining the factors contributing to its growth variances across different regions.

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Market Scope:

This report extensively utilizes secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other relevant databases, to gather pertinent data for the study.

Drivers:

A major driver of the crypto ATM market is instant transactions coupled with convenient trading features. The customer order whether it is to buy or to sell gets executed immediately once the person enters his or her security details. Especially if a customer has made a selling decision on his crypto money; the waiting period like the traditional stock market sales has been eliminated by the crypto ATMs. The consumer can receive their money within 24 hours after their transactions. These hassle-free transactions coupled with rising installations of crypto ATMs in hotels, malls, residential apartments are expected to drive the growth of the crypto ATM market in the forecast period (2023-29).

Segmentation:

by Type

One way
Two way

 


by Hardware Display
ATM Printer
QR Scanner
Others


by Component

Solution
Services

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Key Players: After assessing the overall market size, segmentation into various segments and sub-segments was conducted and validated by industry experts like CEOs, VPs, directors, and marketing executives. The major players in the Crypto Automated Teller Machine market include:

1. Lamassu Industries AG
2. COVAULT
3. Bitaccess
4. Coinme
5. Coinsource
6. Bitxatm Technology Limited
7. Orderbob
8. RUSbit
9. iQCashNow
10.Saint Bitts LLC (Bitcoin.com)
11.Bitstop
12.Bytefederal
13.LightningXchange
14.Cryptocurrency ATM
15.Ghostlab
16.zzBit
17.ChainBytes

Regional Analysis:

The geographical overview of the Crypto Automated Teller Machine market incorporates individual market influencers, changes in market regulations, and their impact on current and future market trends. Analysis of current and emerging trends is conducted to evaluate the overall market potential and identify profitable trends. Geographical market assessment is based on current conditions and expected developments.

COVID-19 Impact Analysis on Crypto Automated Teller Machine Market: The COVID-19 pandemic caused disruptions in operations, resulting in decreased growth in end-user sectors utilizing Crypto Automated Teller Machine, notably in countries like China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India from January to May. This downturn significantly impacted the revenues of firms in these industries and consequently affected the demand for Crypto Automated Teller Machine manufacturers, influencing the development of the Crypto Automated Teller Machine market in 2020. Lockdowns and the surge in COVID-19 cases worldwide led to a considerable decline in end-user demand for Crypto Automated Teller Machine.

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Key Questions Addressed in the Crypto Automated Teller Machine Market Report:

  • Which segment held the largest share in the Crypto Automated Teller Machine market in 2021?
  • What does the competitive landscape of the Crypto Automated Teller Machine market look like?

 

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