Lamassu has announced the release of its new line of cryptocurrency ATMs to the public. The Portuguese company has named its new line of ATMs "Sintra", and according to the company, this new line is another important step in the path of cryptocurrency to mass use in everyday life.
Three new machines introduced, the “next generation” of ATMs, allow you to use fiat money to top up your Bitcoin wallet.
The new set from Lamassu includes three models: Sintra, Sintra Forte and Douro II.
Sintra and Sintra Forte are two-way machines that allow you not only to purchase cryptocurrency, but also to cash it out. The Duoro II model is the latest model of Lamassu's original crypto ATM and is one-way converting, meaning it is designed for cryptocurrency purchases only. The new models offer a variety of features designed to make buying and selling cryptocurrency as hassle-free as possible. Cryptomats have a sleek, futuristic look and are made from 2.5mm thick steel for added durability. Operators can configure their ATM to accept virtually any major currency. Crypto ATMs support fiat conversion to Bitcoin, Zcash, Ethereum, Bitcoin Cash, Litecoin and Dash.
Lamassu entered the crypto ATM market in 2013 with the first ATM called Bitcoin Machine, and has since produced more than 400 machines. There are already about 3,750 cryptocurrency ATMs installed in the world. Today, the products of 31 companies are represented on the market of manufacturers of this type of ATM. In first place is Genesis Coin (34.37%), followed by General Bytes (27.49%) and third place is taken by Lamassu (11.23%). In total, these companies occupy more than 70% of the total global market. Although the number of installed ATMs seems impressive, and their number continues to grow steadily, compared to traditional ATMs this is a negligible figure.
In its approach to equipment development, the company adheres to the principle of decentralization and separates operators and users of its ATMs. ATM operators have control over the fee structure charged by their crypto ATMs and can make profits through direct fees or spread adjustments charged by their liquidity provider.
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