The number of cryptocurrency ATMs will grow by 60% by 2030

Analysts of Grand View Research assume that the cryptocurrency ATM market will reach $ 5.45 billion in the period from 2022 to 2030, which will make the industry segment more successful by 61.7%. Experts believe that the projected growth will be gradually driven by a surge in the use of digital currencies for retail payments. At the same time, many virtual coin holders are now exchanging their digital assets for fiat.

The researchers are convinced that business will also contribute to the wider adoption of crypto ATMs, as they will be installed at train stations, airports, hotels, and restaurants. The Grand View Research report also noted that the coronavirus pandemic has contributed to the increase in the number of crypto ATMs, as cryptocurrency owners seek to use advanced software to handle the storage, purchase, and sale of digital assets. Crypto ATM providers themselves are focusing on launching advanced software to simplify the transaction process and prevent fraud.

According to experts, most of the new machines will be installed in North America, followed by Europe and Asia-Pacific. According to forecasts, Latin America, the Middle East, and Africa will account for the smallest share of crypto-ATMs.

We would like to add that bitcoin is still the most popular cryptocurrency for transactions (100% of crypto-ATMs support transactions with BTC). About 81% of crypto machines allow transactions with Litecoin, 74% with Ethereum, and 40% with Dogecoin.