United States Crypto ATM Market : Research Report, Market Share, Size, Trends, Forecast by 2027

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United States Crypto ATM Market Outlook 2022-2027:

IMARC Group’s latest report, titled “United States Crypto ATM Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the United States crypto ATM market is expected to exhibit a CAGR of 57.30% during 2022-2027.

Crypto ATMs are internet-based portals or terminals where users can exchange cash and credit for cryptocurrencies. They comprise a display screen, quick response (QR) scanner, ATM printer, and software. They utilize blockchain technology to transfer the funds to the bitcoin wallet directly and automatically generate receipts with private and public keys in the form of QR codes for every transaction.

They offer security, convenience, flexibility, excellent speed, and easy access to money across international borders without requiring bank account details. In recent years, crypto ATMs have gained immense popularity in the United States since they provide easier trading options and facilitate instant, seamless, and secure transactions.

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United States Crypto ATM Market Drivers/Constraints:

In the United States, the surging popularity of cryptocurrency represents the primary factor driving the market growth. Besides this, the shifting inclination toward digital currency as a substitute for cash, especially among the young population, is another major growth-inducing factor. Additionally, due to the growing focus of businesses on improving customer service, there has been widespread adoption of crypto ATMs across restaurants, hotels, malls, transportation hubs, airports, and other public places.

In line with this, the implementation of favorable government initiatives to legalize the use of Bitcoins and other cryptocurrencies across the country has augmented the demand for crypto ATMs. Furthermore, the leading manufacturers are integrating crypto ATMs with innovative security features, such as facial recognition, one-time password (OTP) service, biometric authentication, QR code, and time stamp, to verify user identity and prevent fraudulent transactions.

Along with this, the launch of a novel cryptocurrency accounting package that helps traders, investors, tax consultants, and accountants manage transactions, calculate taxes, monitor portfolios, and analyze profits has propelled market growth.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/united-states-crypto-atm-market

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Key Market Segmentation

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Report Description Key Questions Answered in the Report

1. What has been the historical growth rate of the United States Crypto ATM Market?

2. What has been the impact of COVID-19 on the United States Crypto ATM Market?

3. What are the key factors driving the United States Crypto ATM Market?

4. What is the breakup of the United States Crypto ATM Market based on the type?

5. What is the breakup of the United States Crypto ATM Market based on the application?

6. What is the breakup of the United States Crypto ATM Market based on the distribution channel?

7. What are the key regions in the United States Crypto ATM Market?

8. Who are the key players/companies in the United States Crypto ATM Market?

Report Description of Contents

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