The popularity of cryptocurrency ATMs has grown significantly over the past few months. Using crypto ATMs, users can buy and sell digital assets like Bitcoin, Litecoin, Ethereum, Dashcoin, etc. Greece is one of the countries where these devices are gaining popularity.
Currently, there is one such ATM in the Greek region of Thessaloniki, and there are four in Athens. According to media reports, in the coming months, a large number of Greek cities will be installing cryptocurrency ATMs in different parts of the country. Stefanos Getsopoulos, co-founder of the popular Thess Cash Hallas, said the firm is currently developing plans to install three more such machines in northern Greece.
The popularity of crypto ATMs is mainly due to the fact that many users prefer the free investment market to financial institutions. They use cryptocurrencies to avoid interaction with centralized systems. And crypto ATMs help these users gain quick access to their assets.
According to a report recently published by research firm MarketsandMarkets, the global cryptocurrency ATM market could be worth more than $144.5 million by 2023, with a compound annual growth rate of about 54%. This market is currently worth $16.3 million and analysts expect it to grow 8x.
It is understandable that some may be skeptical about such forecasts, but a sober look at the 2017 figures and comparing them with 2018 figures makes it clear that this market is demonstrating exponential growth. Compared to the end of 2017, the market value has increased by 50%.
According to the same report, the growth of the cryptocurrency market will also increase the total number of transactions carried out using crypto ATMs. In turn, this will lead to an increase in their number. There are currently approximately 3,650 Bitcoin ATMs in the world, and about 4 machines are put into operation every week.
According to ethereumworldnews.com
You May Also Like
15 thousand bots are deceiving users on Twitter
New research from Duo Security has shed light on a notorious Twitter phenomenon that involves scamming naive users out of money under the guise of giving away free cryptocurrency. After analyzing 88 million Twitter accounts, experts discovered 15,000 fraudulent bots.
Telegram introduced a service for user verification and authorization
Telegram has published information about a new messenger tool – Telegram Passport, a unified authorization system for identity services. Telegram promises that information will be protected with end-to-end encryption and will be stored in a decentralized cloud.
