Press release content from Wired Release. The AP news staff was not involved in its creation.
Bitcoin ATM Market : Special and Wide Application Area to Propel Demand till 2030 | General Data Company Inc and Covault Corporation
January 30, 2021 GMT
Pune, Maharashtra, India, January 30 2021 (Wiredrelease) MarketResearch.Biz :Bitcoin ATM Market 2021 Overview:
The report provides quantitative and qualitative information on the global Bitcoin ATM market for the period of 2021 to 2030. Given the debilitating effect of COVID-19 (Coronavirus) on the Bitcoin ATM market, groups are vying for opportunities to stay afloat inside the market landscape. Gain access to our present-day research analysis on COVID-19 related to the Bitcoin ATM market and understand how market vendors are adopting new strategies to alleviatethe impactof the pandemic.
Share this article
Share this article
ResearchAndMarkets.com s offering.
Global Crypto ATM Market accounted for $18.35 million in 2019 and is expected to reach $542.52 million by 2027, growing at a CAGR of 52.7% during the forecast period.
Some of the key factors propelling the growth of the market are fluctuations in monetary regulations, increasing fund transfers in developing economies, and rise in the number of installations of crypto ATMs. However, stringent government regulations that prohibit the usage of cryptocurrency in various countries are the restraining factor for the growth of the market.
Cryptocurrency is the digital or virtual money in the form of tokens or coins. An Internet-connected kiosk allows customers to purchase bitcoins with deposited cash. A crypto ATM is not the same as an ATM backed by a traditional financial institution or bank. Cryptocurrencies are designed to get free from government control and manipulation.