The United States crypto ATM market is expected to exhibit a growth rate (CAGR) of 55.6% during 2023-2028.
Crypto automated teller machine (ATM) refers to an internet-based kiosk that allows individuals to convert cash or credit into cryptocurrencies. It uses blockchain technology to directly transfer the funds to the bitcoin wallet. The ATM consists of a display screen, QR scanner, software and an ATM printer. Crypto ATM auto-generates receipts for every transaction that contains private and public keys in the form of quick response (QR) codes for safety reasons. These machines provide immediacy, flexibility, security, convenience, easy access to money across international borders, and excellent speed without requiring bank details. As a result, crypto ATMs are commonly installed in restaurants, shopping malls, standalone kiosks, and transportation hubs.
United States Crypto ATM Market Trends:
The rising popularity of cryptocurrency across the country is creating a positive outlook for the market. Crypto ATMs provide customers with easier trading options and instant and secure transaction processes. Moreover, growing digitization and the rising adoption of digital currency as a substitute for cash culture is further contributing to the market growth. Additionally, various technological advancements in security systems, such as one-time password (OTP) service and biometric authentication to prevent fraudulent transactions, are providing a considerable boost to the market growth. In line with this, the introduction of novel cryptocurrency accounting package that aids traders, investors, tax consultants, and accountants in managing transactions, calculating taxes, tracking portfolios and analyzing profits are also positively impacting the market growth. Other factors, including widespread product adoption in the hospitality industry, including restaurants and hotels, along with the implementation of various government initiatives to legalize the use of Bitcoins and other cryptocurrencies, are anticipated to drive the market further across the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States crypto ATM market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on type, offering, coin type and application.
Breakup by Type:
Breakup by Offering:
Breakup by Coin Type:
Breakup by Application:
- Commercial Spaces
- Restaurants and Other Hospitality Spaces
- Transportation Hubs
- Standalone Units
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Type, Offering, Coin Type, Application, Region
||Northeast, Midwest, South, West
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Key Questions Answered in This Report:
- How has the United States crypto ATM market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States crypto ATM market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the coin type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States crypto ATM market and who are the key players?
- What is the degree of competition in the industry?