Global Crypto Currency ATM Market is expected to reach US$ Million by 2026 at a CAGR of % during the forecast period.
Global Crypto Currency ATM Market is expected to reach US$ Million by 2026 at a CAGR of during the forecast period.
Global Crypto currency ATM market
Crypto ATM machines provide cryptocurrencies to the Crypto ATM user. Growing fund transfers in emerging countries, instable financial regulations and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the Cryptocurrency ATM market.
However, Uncertain regulatory of cryptocurrencies and lack of knowledge and technical understanding regarding cryptocurrencies for crypto ATM manufacturers and operators are the restraints of the Cryptocurrency ATM market. Major Key players accept digital payment and the number of fund transfers in cryptocurrencies because of the increase in demand for automated teller machines.
With the segment by type, Cryptocurrency ATM market is divided into one way and two way. Increase in demand of two way crypto ATM is expected to witness high growth in the Cryptocurrency ATM market owing to multifunctional features of two way crypto ATM. A 2-way crypto ATM offers services such as users can buy cryptocurrencies and cell them using a single machine.
The global Cryptocurrency ATM market with ATM hardware is segmented into Display, Printer, and QR Scanner. The Display segment is expected to witness high growth in the Cryptocurrency ATM market during the forecast period owing to the display segment saves the extra cost for hardware such as a keyboard. The display provides a user-friendly environment for CryptoCurrency ATM users. Followed by the display segment, the Cryptocurrency ATM market for printer segment is estimated to grow the Cryptocurrency ATM market owing to its functionality, which provides private keys on the printed receipt. ATM printer is an output component of Crypto ATM.
Region-wise, North America is expected to grow market during forecast year on account of the presence of a large number of hardware and software service providers. The government of Mexico declared Bitcoin Cryptocurrency is legal.