Sellbyville, DE -- (SBWIRE) -- 01/08/2019 -- North America crypto ATM market is expected to witness high growth opportunities owing to the technical innovations in the machines. Lesser legal barriers in the U.S. and the presence of software & hardware providers and integrators account for the growing consumption of these products. Europe crypto ATM market is experiencing an increasing demand due to the supportive government initiatives and the emergence of manufacturing companies such as Lamassu, Inc. and RUSbit. The popularity of Bitcoin cash and ATMs in the European countries that offer fast & safe transactions is further driving the crypto ATM market growth. Also, the cryptocurrency ATMs are gaining popularity in Argentina due to the rising demand for Bitcoin and decreasing importance of the national currency. For instance, Athena collaborated with the Odyssey Group to install about 150 crypto ATMs by 2018 in Argentina.

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The rise in the demand for this automated technology is attributed to the technical advancements and functionalities in the machines. These systems allow users without technical knowledge to operate in the crypto business with ease. Due to the growing awareness and government permits to use cryptocurrency in regions including North America and Europe, more companies are investing in manufacturing these machines. Additionally, the evolution of cashless payments and transactions in the retail sector is creating new opportunities for the crypto ATM market.

Two-factor authentication of the cryptocurrency transactions is a trend driving the crypto ATM market growth. The process includes confirming transactions via a mobile number & SMS code and then identification via biometric scanning. This provides enhanced security and safer digital payment & conversion functions to the users. These machines safely uphold the individual privacy and do not reveal the wallet details to other customers. Cryptocurrency machines eliminate the chances of frauds due to the absence of third party in these transactions. The crypto ATM market is driven by the provisions to purchase and sell various digital currencies, such as Bitcoin cash, Ethereum, and Litecoin, from a single machine.

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The two-way ATMs are gaining popularity in the crypto ATM market owing to the provision of both, buying and selling functions. The machines offer features that support the purchase and sale of cryptocurrencies at premium prices. Moreover, additional security and user-friendliness associated with the recently developed machines are increasing the product demand. The one-way machines are increasingly being deployed in the retail stores, restaurants, bars, general stores, and fuel stations to promote the usage of digital currencies.
Companies operating in the crypto ATM market are Genesis Coin, Covault, Robocoin, Bitaccess, Bitxatm, Lamassu, Inc., General Bytes S.R.O., Coinme, Orderbob, RUSbit, and Coinsource. Companies develop low-power consuming devices that further help in reducing the overall electricity costs.

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