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Crypto ATM Count Increases by More Than 4,000 in 2022 Amid Ongoing Digital Asset Bear Market

New knowledge reveals that the variety of crypto ATMs grew in 2022 regardless of a tumultuous yr for the digital property trade.

In keeping with Coin ATM Radar, an ATM-tracking app, the variety of Bitcoin (BTC) ATMs has increased by a staggering 506% since January 2020, when there have been 6,362 BTC ATMs.

The information reveals there are at the moment 38,601 Bitcoin ATMs, a rise of about 6,000 machines in comparison with December of final yr.

A latest report by market intelligence agency Grand View Analysis finds that the crypto ATM market might be value over $5 billion by 2030. The analytics agency says the rise may be attributed to a rise in retail shops accepting digital property as funds.

In 2021, retail large Walmart rolled out its Bitcoin ATM pilot program, putting in 200 ATMs in Walmart shops throughout the USA.

The analysis additionally finds that the power of ATMs to liquidate digital currencies and immediately convert them into fiat {dollars} is of worth to customers and a vital issue driving the expansion of the crypto ATM market.

Moreover, the report finds the Covid-19 pandemic had a hand out there’s development as buyer demand for superior crypto ATMs grew.

The report additionally reveals that North America dominated the regional market final yr. Grand View Analysis says the North American market will possible proceed to develop because of the excessive availability of crypto ATMs and the legalization of digital property throughout the area.

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Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses it’s possible you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in internet online affiliate marketing.

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