Published
5 years ago on
September 03, 2018
“The need for cryptocurrency ATMs is driven by cryptocurrency users, some of whom prefer to avoid centralized financial institutions like banks. Other cryptocurrency users are just looking to access tied up assets quickly while on the move by allowing withdrawals in fiat from cryptocurrency balances; which is exactly what cryptocurrency ATMs permit. A recent report by the market research firm, MarketsandMarkets, says that the global cryptocurrency ATM market is expected to hit $144.5 million by 2023. This would be a massive rise of eight-fold from the current $16.3 million.â€Globally there is the need for this sort of technology, by keeping up with that trend, Thess Cash Hellas are ensuring that Greece is not left behind out of the trend. Furthermore, this past few months alone provide great evidence to prove that the demand for Bitcoin ATM’s is on the up, according to the MarketsandMarkets research:
“The expected rise wouldn’t come as a surprise to many, with the Bitcoin ATM market up from just around $6.8 million last year according to some estimates. It has, however, gone up by more than 50% over the past few months. The research also pointed out that as the cryptocurrencies continue to grow, so will the number of ATMs and the transactions conducted through them.â€References Greek Reporter
