2019 has been said to be the year in which we will be witnessing crypto mass adoption, and the truth is that there have been a lot of movements in the crypto space which seem to be leading to this bold plan becoming a reality.
Bitcoin (BTC) being able to surpass $10k led to the FOMO getting unleashed just like Changpneg Zhao once predicted and now there’s a lot of money pouring into the crypto market these days.
More than that, Facebook‘s announcement of their coin Libra that will be launched sometime next year has been only fueling the positive sentiment in the market and the bullish crypto-related predictions as well.
The huge growth in the crypto ATM use
Ethereumworldnews has recently reported that there’d been a huge growth in the use of crypto ATMs at a global level.
The online publication cites data from CoinATMradar.com, which says that by June 1, 2019, there were a total of 4,858 crypto ATMs globally.
“It is estimated that these machines have now hit the 5000 milestone. In contrast, there are over 3 million functional traditional ATMs in the world today. It is estimated that there will be 4.3 million conventional fiat ATMs around the globe by 2020.”
This is not a reason to freak out because it seems that the growth in the number of traditional ATMs will also benefit Bitcoin as well.
ATMs with double functionality, on the rise
The ATMs with a double function are on the rise, the online magazine mentioned above reports.
According to Robocoin, all an ATM kiosk operator needs to do is “drop the software into a running machine, and the token’s transactions are automatically managed and identified through a wallet system.”
It’s also worth noting that Jordan Kelley, the Robocoin CEO, explained, not too long ago, that they are “upgrading the world’s existing kiosk and ATM infrastructure into a globally interconnected bitcoin cash exchange and remittance network.”