Tuesday, May 28, 2024
spot_img

Crypto Parrot: one crypto ATM installed every hour globally

Data acquired by cryptocurrency trading simulator Crypto Parrot indicates that as of April 6, 2021, the total number of cryptocurrency ATMs globally stood at 17,827. Based on the daily installation rate, projections suggest that at least 1.6 cryptocurrency ATMs are installed every hour or at least 38.4 ATMs per day.

The growth means that as of June 2021, the number of crypto ATMs globally is expected to exceed 20,000, to represent a growth of 12.27% from the April 6 figure.

The ATMs are expected to surpass 18,000 by April 13, 2021. As of May 2021, the ATMs are projected to be over 19,000.

Demand for digital assets to spur ATM growth

The report highlights some of the drivers that will spur the growth of cryptocurrency ATMs. According to the research report:

“The increasing role of cryptocurrencies as forms of payment also plays a crucial role in the projected ATM’s growth. Cryptocurrencies power contactless payments that continue to gain prominence amid the coronavirus pandemic. This lays the ground for setting up ATMs, with many entities and businesses increasingly allowing cryptocurrency payment. The ability to support payments will possibly contribute to diversification in areas of installing ATMs with convenience stores and even coffee shops having several machines.”

With the crypto ATMs projected to grow, several factors might hamper the progress. The regulatory uncertainty, lack of awareness, and technical understanding of cryptocurrencies might restrict crypto ATMs’ growth.

Read the full story with statistics here: https://cryptoparrot.com/article/at-least-one-crypto-atm-is-installed-hourly-total-global-machines-to-reach-20k-in-two-months

 

Featured

Unleashing the Power of AI in B2B Marketing: Strategies for 2023

The digital marketing landscape is evolving rapidly, with artificial...

How To Check if a Backlink is Indexed

Backlinks are an essential aspect of building a good...

How to Find Any Business Owner’s Name

Have you ever wondered how to find the owner...

Do You Have the Right Attributes for a Career in Software Engineering?

Software engineers are in high demand these days. With...

6 Strategies to Make Sure Your Business Survives a Recession

Small businesses are always hit the hardest during an...
B2BNN Newsdesk
B2BNN Newsdeskhttps://www.b2bnn.com
We marry disciplined research methodology and extensive field experience with a publishing network that spans globally in order to create a totally new type of publishing environment designed specifically for B2B sales people, marketers, technologists and entrepreneurs.