The cryptocurrency automated teller machine (ATM) market is expected to grow nearly tenfold over the next five years, according to a report by ResearchandMarkets.
According to the 94-page research paper, the crypto ATM market will post a compound annual growth rate (CAGR) of 54.7%, rising in value from $16.3 million in 2018 to $144.5 million in 2023.
“Growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the crypto ATM market,” ResearchandMarkets said.
The analysts noted the growing demand for two-way ATMs, where users can buy and sell cryptocurrencies. The rising popularity of these machines is fueled by th...
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