The average growth of the ATM market will be 54.7% annually and by 2023 will reach $144.5 million. Such conclusion was made by researchers from the analytical firm MarketsandMarkets.
According to experts, last year the volume of the market of bitcoin-ATMs amounted to $6.8 million, and in 2018 it will grow to $16.3 million. At the moment, one-way bitcoin-ATMs dominate the market, they account for 62.49% of all devices.
But according to the report, in the future the number of two-way bitcoin-ATMs that allow not only buying but also selling cryptocurrencies will grow faster than one-way devices. It is also expected that in the future bitcoin with display will be in great demand.
WHY IS IT IMPORTANT?
- At the moment there are 3,650 bitcoin-ATMs in the world. On average, four new devices are installed every day to sell cryptocurrency.
- Right now North America is the leader in the number of bitcoin-ATMs. Researchers believe that this region will retain leadership in the future.