United States Crypto ATM Market Overview:
According to IMARC Group latest report titled “United States Crypto ATM Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on crypto ATM market share in United States. The report also includes competitor and regional analysis, and contemporary advancements in the market. The United States crypto ATM market is expected to exhibit a CAGR of 57.30% during 2022-2027.
Cryptocurrency refers to a digital currency that is integrated with blockchain technology that aid in monitoring its transactions and prevents fraud and double spending. Crypto automated teller machines (ATMs) are stand-alone electronic kiosks that allow users to buy and sell cryptocurrency in exchange for cash. It involves connecting a user’s digital wallet information, depositing cash, and transferring the purchased cryptocurrency directly to the digital wallets. It ensures enhanced safety and reduces the risk of identity theft since it involves the utilization of authenticated security passwords linked directly to users’ digital wallet. As a result, it is gaining traction among the masses as it saves time, protects their privacy, and provides flexibility, convenience, and excellent speed for smooth transactions that are widely installed in shopping malls, transportation hubs, and restaurants.
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Market Trends:
The growing popularity of cryptocurrency among individuals is driving the United States (US) market. Moreover, the rapid penetration of high-speed internet connectivity and the growing preference for trading applications due to the rising awareness regarding cryptocurrencies among the masses, especially among young population, is propelling the demand for crypto ATMs across the country. Along with this, continuous technological advancements in security systems, including biometric authentication to prevent fraudulent transactions, are creating a positive market outlook. Furthermore, numerous initiatives undertaken by the government to legalize crypto and increase fund transfer are significantly contributing towards the market growth. Other factors, such as the increasing acceptance among business owners and the availability of a wide range of cryptocurrencies, are also positively influencing the market in the United States.
United States Crypto ATM Market Segmentation:
Our report has categorized the market based on region, type, offering, coin type and application.
Breakup By Type:
- One Way
- Two Way
Breakup By Offering:
- Hardware
- Software
Breakup By Coin Type:
- Bitcoin
- Dogecoin
- Ethereum
- Litecoin
- Others
Breakup By Application
- Commercial Spaces
- Restaurants and Other Hospitality Spaces
- Transportation Hubs
- Standalone Units
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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