KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment.
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The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment.
Australia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada.
Lightning-enabled Bitcoin ATMs promise to offer instant transaction support and a significant cut in cost from traditional crypto ATMs.
The transaction included 56 machines from Tao Bitcoin, a regional operator in the south of the United States.
The evident reduction in the installations of crypto ATMs could result from the regulators' hesitance to adopt the Bitcoin ecosystem.
Bitcoin-only exchanges explain that selling altcoins is an attractive business model that sidesteps far greater long-term benefits for society, such as greater freedoms and financial prosperity.
Walmart plans to eventually install 8,000 Bitcoin ATMs in the U.S. and has installed 200 in a pilot program.
The Salvadorian government has installed over 200 ATMs in September after adopting Bitcoin as a legal tender.