barrons.com
Cracks are starting to form in one of the most visible manifestations of the recent crypto craze: the Bitcoin ATM. But while installations of new machines begin to stall amid the crypto downturn, there’s reason to think the kiosks aren’t going away soon.
Even as crypto traders pull back, tens of thousands of Bitcoin ATMs continue to hum along, tucked into the corners of convenience stores and bars around the world. The machines let users trade cash for Bitcoin and sometimes other tokens, often charging fees in excess of 10% and sometimes as high as 20%.