Report: Crypto ATM Market Expected to Grow to $144.5 Million by 2023

Sara Trontelj
Sep 18, 2018 · 1 min read
Fan360.io

Cryptocurrencies are entering the physical space and will no longer be confined to the arena of cyberspace. Research recently published on the popular industry analytics page ResearchandMarkets.com suggests that the crypto ATM market will grow to 144,4 million dollars by 2023.

Out of the expected growth, the most is expected to come from two-way ATMs, which will give the clients the liberty of exchanging the crypto currencies into the “regular” (fiat) currencies and back.

The projected growth will differ across geographies, the most lively being present in North America, which — with regards to present industry players — seems to be the most developed market.

As always, with new technologies, there are also potential challenges which will work against the current — in this case mainly the regulatory challenges and lack of familiarity with the technologies.

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Sara Trontelj

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Startup enthusiast, with a journalistic background and business experience from an international accelerator.

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