- Cryptonica has successfully managed 10 million transactions every week, which is an impressive accomplishment.
Access to digital assets is facilitated by Cryptonica’s network of 6,000 ATMs, which is spread across 22 nations. Sixty-two percent of these ATM transactions utilize Bitcoin. Bitcoin (btc -4.57%), with Ethereum accounting for 23% Ethereum eth -1.49% Ethereum, with Dogecoin accounting for 7% Dogecoin doge: 3.77% related to Dogecoin, and 8% to other cryptocurrencies.
With an average transaction value of $133, the user base appears to be broad, consisting of small and medium-sized enterprises as well as retailers.
What are ATMs for cryptocurrency?
Crypto ATMs are physical kiosks where users can use cash or debit cards to buy and sell cryptocurrency. They are often referred to as Bitcoin ATMs or BTMs. Due to their internet connectivity, these devices may communicate with different blockchain networks and cryptocurrency exchanges.
By inserting cash or a card and supplying their wallet address—usually through a QR code scan—users can purchase cryptocurrency.
By selling their cryptocurrency, customers can also get cash out of certain crypto ATMs. These transactions are often completed quickly—confirmations can take several minutes to an hour—and are protected from fraud by identity verification and other compliance procedures.
Usage of cryptocurrency ATMs is growing
The demand for cryptocurrency ATMs is growing globally, as seen by the latest spike in transaction volume, which was 55% greater than the prior week.
With an astounding 99.98% uptime, Cryptonica ATMs are leading the industry in efficiency and dependability. The transaction time on average is only ninety seconds. Strict fraud prevention protocols and lockdown mechanisms guarantee the safety of digital assets, bolstering user confidence and the company’s expansion.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
