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Crypto ATMs are the payment methods. More are emerging daily to stay on top
of the trend and in sync with customers’ needs.
future worldwide The COVID-19 pandemic has also played a significant role

in driving the cryptocurrency market. Lowered access
fees encouraged many to start investing in cryptocurrency
before fees rose.

And with increasing access to crypto ATMs, more users
and potential users have felt safe and secure to use them
even while COVID-19 numbers soared. Consumers do
not have to walk into a bank or be close to many people
to have a full crypto ATM experience. According to the
U.S. Consumer Crypto Survey, 48 percent of American
investors bought cryptocurrency in the first half of 2021.
Opportunities abound in emerging markets

Emerging markets in the crypto ATM space should
understand the vast benefits cryptocurrency users enjoy.
They provide ease of trading options, require no account
setup and automatically generate receipts containing
By Lee Hansen private and public keys in the form of QR codes—they
Byte Federal are safe, secure and easy to use. Thus, demand for crypto
ATMs will continue to increase.
itcoin ATMs are on the rise. Most major cities
worldwide have been using them for years; Partnerships between traditional ATM providers and
they are proliferating beyond major cities, too. crypto ATM providers are beginning to occur in markets
B And for good reason. Crypto ATMs allow users worldwide, so it will not be long before crypto ATMs are
to buy and sell cryptocurrency, transfer bitcoin to cash as easy to find and use as traditional banking ATMs.
and cash to bitcoin, and easily transfer money across the
globe. They are user-friendly, safe and offer users who Major retailers are also jumping aboard with crypto
may have otherwise not been interested in cryptocurrency ATMs. For example, in October of 2021, Walmart formed
an easy way to check it out. a partnership with a crypto-cash exchange provider to
digitize their offerings and simultaneously complement
The bitcoin ATM market is developing rapidly, the overall customer experience.
influenced mainly by the growing number of bitcoin
and cryptocurrency users worldwide. As a result, this Crypto ATMs are the future. Crypto ATM providers keep
year these ATMs are expected to show up in more public up technologically to roll out more and more options and
locations such as gas stations, general stores, major ensure customers have the very best user experience. Thus
retailers, cafes, and coffee shops. These industries are all far, North America has dominated the global market and
aggressively investing in bitcoin ATMs due to the rapidly is expected to maintain its lead through at least 2028.
increasing demand from consumers.
Emerging markets need to understand the urgency in the
Studies validate the crypto boom world of crypto ATMs. Because the cryptocurrency game
has changed the way millions use money, users will come
Reports from Coin ATM Radar, a trusted data compilation to expect to find ATMs for use all over the world. Staying
website for crypto ATMs, have shown astronomical in tune with the marketplace of consumers is the most
growth in the number of ATMs, almost doubling in relevant concept for established and emerging markets to
less than a year. Currently, over 80 nations have bitcoin understand.
ATMs. However, experts predict that number will soar
as cryptocurrency becomes more inclusive and as more
and more of the population jumps into the cryptocurrency Lee Hansen is CEO at Byte Federal, www.bytefederal.com, a leading
game. fintech provider of some of the most secure Crypto ATMS, ultimately
bringing bitcoins to the masses, through a strong network of thousands
According to statistics gathered by global cryptocurrency of kiosks. The company’s ATMs offer one of the largest daily limits of
payment company TripleA, there were approximately $21,000, and their ATMs are continuing to evolve into a full-service Bank-
300 million crypto owners worldwide in 2021, and the in-a Box solution, not only allowing for bitcoin investments, but also
trend has continued to rise since then. Eighteen thousand gold, gift cards, trading signals—and more. For more information visit
businesses worldwide are now accepting cryptocurrency www.linkedin.com/in/bytefederal/ or email info@bytefederal.com.

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