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COVID-19 is Expected to Play a Key Role in Driving the Growth of the Burgeoning Industry -Breaking

by Mike Robinson

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Global Crypto ATM Market Report 2020-2028: COVID-19 will Play a Major Role in Driving Industry Growth

The “Crypto ATM Market Size, Share & Trends Analysis Report by Type (One Way, Two Way), by Offering, by Coin Type (, , , ), by Application, by Region, and Segment Forecasts, 2022-2028″ report has been added to ResearchAndMarkets.com’s offering.

Global crypto ATM market is estimated to grow at a CAGR (59.2%) between 2022 and 2028 to USD 1.88 Billion.

Market growth is due to an increase in crypto users. This has led to the demand for cryptocurrency ATMs that convert cryptocurrency to fiat currency. TripleA, an international cryptocurrency payment company, reported that there are approximately 300 million cryptocurrency owners around the world as of 2021. These ATMs offer cryptocurrency traders easier trading opportunities. They don’t require users to create an account nor deal with lengthy public keys. Instead, the crypto ATM generates the transaction receipt automatically. These receipts include both public and private keys. Walmart (NYSE) has announced that it will be partnering with Coinstar, the coin-cash exchange provider Coinme and Coinstar in October 2021. Walmart plans to install 200 bitcoin ATMs across its U.S. stores as part of the partnership. People were encouraged to invest more in cryptocurrency during the COVID-19 epidemic because of lower access fees. The U.S. Consumer Crypto Survey found that 48% of Americans purchased cryptocurrencies during H1/ 2021.Crypto ATM Market Report Highlights

  • In 2021, the one-way segment was dominant in this market. Segment growth was accelerated by the increased demand for one-way crypto ATMs from customers, owing to seamless transaction options.
  • In 2021, the hardware market dominated. Crypto ATM hardware providers are focusing on strategic partnerships and mergers & acquisitions to improve their product offerings
  • Market leader in 2021 was the bitcoin segment. In 2021, the market grew due to the legalization of Bitcoin in various countries around the world.
  • In 2021, the largest market segment was restaurant and hospitality. As part of their efforts to satisfy changing customer needs, many hotels around the world are using crypto ATMs.
  • Asia Pacific region market growth will be driven by the increasing adoption of digital currencies, including those in Australia, Thailand, Taiwan, and Thailand.

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