At Cryptonica, we're glad to see the rapid growth in popularity of cryptocurrencies. Owning digital assets and being able to use them opens up many opportunities for long-term and short-term investment for users. Regardless of the chosen way to earn income, the need for exchange operations remains an important aspect. We're proud that our cryptocurrency ATMs are one of the most convenient and popular ways to exchange digital assets.
Reasons for the Popularity of Cryptocurrency ATMs
Cryptocurrency ATMs created by Cryptonica work analogously to traditional bank ATMs, but are intended for operations with the most popular types of cryptocurrencies. Our devices allow purchasing digital assets with fiat currency or exchanging coins for cash, for example in US dollars.
Despite the fact that there are still not many cryptocurrency ATMs around the world, their number continues to increase. This is due to high demand for specialized equipment.
People prefer exchanging cryptocurrency through cryptocurrency ATMs because such operations are:
● Easy to use: Using our ATMs is as easy as using regular bank ATMs. Most users have no trouble learning to use them.
● Fast: Users receive the desired currency within seconds, making the process incredibly convenient.
● Secure: Our ATMs are supplied with quality assurances for equipment and software from leading manufacturers, which minimizes the risk of fraud.
Cryptocurrency ATMs make cryptocurrency more accessible to people, so they are popular. And demand breeds supply, which contributes to increasing the number of devices installed around the world.
How the Development of the Cryptocurrency ATM Market Benefits the Cryptocurrency World
We believe that through our cryptocurrency ATMs, cryptocurrency is becoming accessible to more people. Anyone interested can now acquire digital coins in the needed amount for subsequent income generation through certain operations. The higher the demand for a particular cryptocurrency, the higher its price, increasing the chances of large earnings for digital asset holders.
Increased operations with cryptocoins contribute to the rapid development of the cryptocurrency world. We hope that in the near future this will lead many countries to legalize digital assets, and the crypto industry will continue to expand.
The Current State of Cryptocurrency ATMs
Today there are approximately 37,000 cryptocurrency ATMs installed across 78 countries worldwide. The largest number of machines are in the US, where around 85-87% of all cryptocurrency ATMs are concentrated. Canada takes second place with around 2,500 machines, which is just over 6% of the total. Spain ranks third, leading among European countries. Overall, approximately 3.5-3.8% of all cryptocurrency ATMs are installed in Europe. Devices are also present in Africa.
The popularity of cryptocurrency ATMs in many countries and excellent prospects for further increasing their numbers inspires us to new achievements.
Cryptocurrency ATM Manufacturers and Supporting Software
Today there are many companies involved in producing cryptocurrency ATMs. We at Cryptonica are one of the most promising organizations in this field. Our first cryptocurrency ATMs appeared in 2022, and by late 2022 their number reached 276 units. We have not stopped at what we achieved and continue to create, modernize, install and service cryptocurrency ATMs.
Our cryptocurrency ATMs are in notable demand thanks to the following advantages:
● Complete anonymity of digital asset operations.
● Low exchange fees of just 5%.
● Competitive conversion rates.
● Easy management.
● High reliability.
We have also developed the Cryptonica Liquidity Pool - a financial tool through which all users can participate in increasing the liquidity and reserves of the Cryptonica exchange network.
Today our company is considered one of the most promising in this sphere, and we are confident that our cryptocurrency ATMs play a key role in developing the cryptocurrency world!
