Cryptocurrencies, whose global adoption rate is increasing day by day, have now increased the usability area from good to good. Even so, crypto ATMThe number of ‘s is increasing involuntarily.
According to a new study by Grand View Research (GVR), it is predicted that there will be a serious increase in the crypto ATM market in the near future.
According to GVR, the ATM market size, which was valued at approximately $75.01 million in 2021, may reach a valuation of $1.8 billion by 2028. To reach this milestone, the firm hopes the current market value of this industry will expand at a CAGR of 59.2% from this year.
On the other hand, the number of newly installed ATMs reached approximately 14,012 in 2021, achieving unprecedented growth. In addition, sales of these ATMs peaked in July 2021, with around 50 machines installed per day worldwide. The total number of crypto ATMs worldwide is currently around 33,896.
As crypto assets take their place in our lives, ATMs supported by governments are increasing day by day. Last year, El Salvador installed more than 200 ATMs nationwide after making Bitcoin legal tender by partnering with Chivo to increase the use of ATMs and Bitcoin wallets in Central America.
Since then, crypto ATMs are popping up all over the world and Approximately 90% (29,801) of all ATMs in the world are located in the USA. Canada follows the USA with 2,133 ATMs, while El Salvador and Hungary are at the bottom of the list.
Why Are Crypto ATMs So Important?
Even people who are confused about trading on crypto currency exchanges and who are far from technology can easily get crypto money from ATMs.
Because, as is known, more than 70 percent of people who say that they do not prefer crypto money, say that they stay away from this sector because cryptos are “confusing” as the reason.
As the number of ATMs increases, the use of cryptocurrencies around the world indirectly increases.