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Why Bitcoin ATMs represent the future of cryptocurrency

The rising interest in cryptocurrency has led to a fast growing self-service market for Bitcoin ATMs, which allows individual consumers to access the currency using mobile wallets or other devices.

March 5, 2020

The rising interest in cryptocurrency has led to a fast growing self-service market for Bitcoin ATMs, which allows individual consumers to access the currency using mobile wallets or other devices.

Andrew Barnard, co-founder and CEO of Bitstop, spoke to ATM Marketplace about the global demand for Bitcoin ATMs and how his company has worked to set itself apart from the competition.

"We've seen basically an industry which was nothing six, seven years ago, and has grown over to 6,700 plus Bitcoin ATMs worldwide," he said.

Barnard is seeing interest from a wide range of companies looking to get into the space, ranging from traditional ATM operators, check cashers and currency exchange operators from the U.S. and overseas markets from Latin America, Asia and other regions.