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Bitcoin ATM Perspective

This year the tradeshow for ATMs is in February and no surprise that Bitcoin-themed is their major new exhibitor base. Multiple KMA members are there, with their bitcoin ATMs including Kiosk Information Systems, American Kiosks and Kiosk Innovations.  All of those companies based in Denver and Colorado has always had a strong “mining” industry.

Trends — On the term itself, it seems there are many more terms being introduced besides Bitcoin ATM. We have Digital Currency Kiosks, maybe Digital Currency ATM. It appears that Digital Currency is winning the battle with Digital Cash for now.  BTM is a newcomer.  Bitcoin ATM suffers a bit of the same fate as Coinstar kiosks, DMV Kiosks and Redbox kiosks.  The largest search segment by far is with the additional phrase “near me”

bitcoin atm trend 2022

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Crypto Kiosk Posts

Crypto Kiosk – Bitcoin ATM News Roundup

August

  • Speaking of changes, first, ATMIA updated standards for crypto “currency”, now it is NCR buying market share (with shares) in Bitcoin.

July

June

May

  • State and feds differ about bitcoin kiosk regulation – $10K limit — New Hampshire cases involves a half-dozen people, many associated with the extreme-libertarian Free Keene cluster, who were charged by the FBI last month with operating an “illegal cryptocurrency exchange.”

April

More About BTMs (or Bitcoin ATM)

Excerpt from ZipMex

Bitcoin ATMs are automated teller machines which enable you to conduct transactions in Bitcoin.

Being the leading cryptocurrency, it is not surprising that Bitcoin would have its own ATM system; after all, it is a digital currency. With its increasing acceptance and integration into society, being able to use a Bitcoin ATM will be of benefit to you.

Here’s a fun fact. Bitcoin ATMs are also known as a BTMs. With this kiosk, you can buy Bitcoins by using either cash or a debit card. You can also use the BTM to sell Bitcoins for cash. Although the BTM works like a traditional ATMs, they are not the same.

BTMs have internet access which enables you to buy / sell Bitcoins with cash or debit cards.

Instead of connecting to a bank, internet access enables the BTM to connect the customer directly to a Bitcoin exchange or wallet. This serves as a convenient way to purchase Bitcoins in person. BTMs are found mostly in stores, restaurants, and airports on the east coast of Australia.

The BTM was launched for use in October 2019. Although around the world there are about 7,000 machines, this is a small figure when compared to the number of existing traditional ATMs. However, with time, there will be an increase in this number, as the benefits of these machines will become more known.

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