crypto.news
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% involve Bitcoin (BTC), 23% involve Ethereum (ETH), 7% involve Dogecoin (DOGE), and 8% involve other altcoins.
The average transaction value is $133, suggesting a diverse user base that includes retailers and small to medium-sized businesses.
What are crypto ATMs?
Crypto ATMs, also known as Bitcoin ATMs or BTMs, are physical kiosks that enable 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 buy crypto by inserting cash or a card and providing their wallet address, typically via a QR code scan.
Some crypto ATMs also allow users to withdraw cash by selling their cryptocurrencies. These transactions are usually quick, with confirmations taking anywhere from a few minutes to an hour, and are secured with compliance measures like identity verification to prevent fraud.
Growing use of crypto ATMs
The recent surge in transaction volume, 55% higher than the previous week, underscores the increasing demand for crypto ATMs worldwide.
Cryptonica ATMs boast an impressive uptime of 99.98%, setting a new industry standard for efficiency and reliability. The average transaction time is just 90 seconds. Rigorous fraud prevention measures and lockdown modes ensure the security of digital assets, contributing to the company’s growth and user trust.