Global Cryptocurrency ATM Market by Type, by Application, by Region and Segment, Forecasts 2020–2026

Global Cryptocurrency ATM Market is valued to reach USD 158.2 Million by 2023, growing at CAGR of 52.4% over the forecast period 2020–2026. Growth in market capitalisation resulting into high adoption of cryptocurrencies for all type of payments coupled with increasing adoption of Cryptocurrency ATM in hospitality industry are the key growth drivers of the market.

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Cryptocurrency can be defined as a virtual form of currency that enables the user to purchase and invest in materials and products online. Crypto ATM involves the users to enable the users to withdraw the cash with their bitcoins or deposit the cash for the purchasing of bitcoins so that they can enable the users to spend the bitcoins on the purchase of different products and materials of their liking.

Market Trends, Drivers, Restraints and Opportunity:

Growth in market capitalization and high adoption of cryptocurrencies is likely to play a significant role in the market development. Since 2017, the market for cryptocurrency has gained a tremendous traction in terms of acceptance and feasibility
The market also witness a boom in growth owing to rising popularity of digital currency and payments. Academic institutions and e-commerce stores are now readily accepting bitcoin payments which is subsequent to the market growth
Development of high-speed internet bandwidth stimulates the market growth in the forthcoming years resulting in inception of growth opportunities
On contrary, government norms and regulations, lack of economical awareness and significant cost of developing cryptocurrency ATM restricts the market growth in the forecast years