Here at Cryptonica, we actively monitor changes in the financial services market and are proud to play an important role in this transformation. Despite the ongoing expansion of banking services, the number of ATMs worldwide has begun to decrease, while the number of crypto ATMs is growing in the opposite direction. We believe that further changes in the foreign exchange market have many interesting nuances that we are ready to use to our advantage.
The Situation with ATMs
Today there are approximately 3.2 million ATMs worldwide. People are using cash less and less, preferring the many digital services that are faster, easier and more convenient to use. It is significantly simpler and safer to hold non-cash assets than to deal with paper currency.
Of course, in some countries where access to banking services is actively increasing, they continue to expand the number of ATMs being installed. But we are confident that crypto ATMs are perceived as a more promising niche.
More on the Situation with Crypto ATMs
Currently there are approximately 38 thousand crypto ATMs installed in 81 countries. The potential user base continues to grow, linked to the difficulties of international money transfers, problems with banks, and several other factors. This is why people's attention is increasingly drawn to cryptocurrencies. Here at Cryptonica we are actively working to make our crypto ATMs allow users to easily start working with digital assets and continue using them.
Our Achievements and Plans
We are proud to be on par with major crypto ATM distributors such as Genesis Coin, General Bytes and BitAccess. Our company notes the need for large-scale business expansion. Growing demand for equipment from operators contributes to this.
Today there are about 50 companies manufacturing crypto ATMs, and the number of operators has exceeded 600. Of course, in some regions the number of crypto ATM operators may not increase as quickly as desired. For example, in some US states, legislation creates obstacles for small business development. But organizations aimed at creating international networks, like ours, have significantly more opportunities to expand the scale of operations and enter local markets.
Our Projects and Partnerships
We are actively installing new crypto ATMs in Southeast Asia, servicing a large amount of equipment in the US and Europe. We have existing agreements with equipment manufacturers for long-term crypto ATM supplies. Future installations of around 700 crypto ATMs are already planned for the US, UK, France and approximately 50 units in Japan. We are not stopping at what has been achieved and continue working to expand our activities, create new software and develop attractive financial offers, with excellent prospects and chances of success.
A Bit About Security
One of the important differences between our crypto ATMs and traditional bank ATMs is the level of security when conducting transactions. Transactions at bank ATMs can be performed using a plastic card or smart phone with NFC. At our crypto ATMs, transactions with digital assets are carried out using web interfaces or directly through smartphone cameras and QR codes. This minimizes the likelihood of fraudsters interfering with transactions.
We are confident that our crypto ATMs will gradually begin to replace bank ATMs in the global market, providing users with convenient and secure ways to work with digital assets.
