Over 400 machines went off the grid in under 60 days

Over 400 machines went off the grid in under 60 days

Crypto ATMs — one of the key infrastructure pillars for the mass adoption of cryptocurrencies — have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines.

Since 2014, the total number of crypto ATMs has maintained a steady upward trajectory while catering to millions of users worldwide for seamless crypto-fiat conversions. For over a year, between December 2020 and January 2022, more than 1,000 crypto and Bitcoin (BTC) ATMs were being installed every month. However, the bear market had an immediate impact on its growth.

Net crypto ATM installations worldwide. Source: Coin ATM Radar

September 2022 was the first time in history when total crypto ATMs saw a net decline. However, 2023 marked a new low by recording a decline in total crypto ATM installations for two consecutive months.

In January 2023, the global crypto ATM network shed 289 machines, further dropping by 123 machines in February. While the ongoing decline was initially purely attributed to geopolitical tensions, revenue losses and a prolonged bear market, service providers have been trying out cheaper alternatives for operations.

Recently, crypto ATM provider Bitcoin Depot converted its 7,000 physical machines to BitAccess software. The move helped reduce operational costs related to software licensing fees, which cost $3 million annual.

Do you have an ATM in your area and are unsure how to use it? Check out Enic Magazine’s beginner’s guide to learn everything about Bitcoin ATMs.

Relacionado: UK-native stablecoin integrates into 18,000 ATMs nationwide

On the other hand, payments giant Mastercard partnered with Binance to launch a card for crypto payments in Latin America.

In a press release shared with Enic Magazine, Guilherme Nazar, Binance Brazil’s general manager, stated:

“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow.”

Moreover, at launch, the card offered up to 8% cash back in crypto on eligible purchases and zero fees on some ATM withdrawals.

Ponha agora o seu Enics na sua carteira BNB a uma cotação de lançamento, e beneficie do seu crescimento nos próximos meses

Participar agora na Oferta Inicial de Moeda Enic
e desfrutar de grandes rendimentos
nas próximas semanas

ESTÁ A OPERAR NO SEU TELEMÓVEL OU TABLET?

Copie o seguinte endereço ou digitalize-o para a sua carteira criptográfica, e envie para este endereço a quantidade de BNB que pretende converter para ENIC

0x5c887F4518a95CdAfFe4E4B3AFDA00C2BB2BcD69

Ou digitalize o seguinte código QR imediatamente com a sua aplicação de carteira criptográfica

O BNB que enviará será imediatamente convertido em ENIC e chegará à sua carteira em poucos segundos

ESTÁ A OPERAR NO SEU AMBIENTE DE TRABALHO?

(Sugerido um navegador cromado com Metamask ou uma extensão Trustwallet)

Copie o seguinte endereço ou digitalize-o para a extensão da sua carteira criptográfica, e envie para este endereço a quantidade de BNB que pretende converter para ENIC

0x5c887F4518a95CdAfFe4E4B3AFDA00C2BB2BcD69

O BNB que enviará será imediatamente convertido em ENIC e chegará à sua carteira em poucos segundos

OU

a nossa comunidade

Titulares de
em todo o mundo

Junte-se agora mesmo à nossa crescente comunidade no nosso canal Telegrama, e beneficie do crescimento irresistível do Enic nos próximos meses

0
Pessoas Aderidas
0 +
ICO ASSINANTES
0
Energia
fornecedores
pt_PTPortuguês