Cryptonica has reached a significant milestone by successfully handling 10 million transactions every week.
Cryptonica has a network of 6,000 ATMs spanning 22 countries, making it easier to access digital assets. Transactions from these ATMs show that 62% of transactions involve Bitcoin (BTC), 23% involve Ethereum (ETH), 7% involve Dogecoin (DOGE), and 8% involve other altcoins.
The average transaction value is $133, indicating a diverse user base that includes retailers and small and medium-sized businesses.
What are crypto ATMs?
Cryptocurrency ATMs, also known as Bitcoin ATMs or BTMs, are physical kiosks that allow users to buy and sell cryptocurrencies using cash or debit cards. These machines are connected to the internet, allowing them to interact with various cryptocurrency exchanges and blockchain networks.
Users can purchase cryptocurrencies by inserting cash or a card and providing their wallet address, usually by scanning a QR code.
Some cryptocurrency ATMs also allow users to withdraw cash by selling their cryptocurrencies. These transactions are usually fast, with confirmations taking anywhere from a few minutes to an hour, and are secured with compliance measures such as identity verification to prevent fraud.
The increasing use of crypto ATMs
The recent surge in transaction volume, which is up 55% from the previous week, underscores the growing demand for cryptocurrency ATMs around the world.
Cryptonica ATMs boast an impressive 99.98% uptime, setting a new industry standard for efficiency and reliability. The average transaction time is just 90 seconds. Strict fraud prevention measures and lock-out modes ensure the security of digital assets, contributing to the company’s growth and user confidence.
