Cryptocurrency ATMs on the Rise Despite Falling Prices

2018-12-22 06:02

Bitcoin (BTC), Cryptocurrency–In another bid for adoption, the industry of cryptocurrency and Bitcoin ATMs is on the rise in the final month of 2018 despite the market capitalization settling at a low point to end the year.

While coin prices have been shaky through the last two months of the year, with November seeing the worst losses for BTC since August 2011, a report published by Coin ATM Radar supports a rising interest in cryptocurrency. According to the information first released on Dec. 10, cryptocurrency ATM manufacturers opened 209 new tellers around the world in the month of November, even as the valuation for the number one cryptocurrency by market capitalization plummeted. The report includes details on 68 previously established kiosks being closed, bringing the net month’s increase to 141 new ATMs, a positive stroke for the industry and enthusiasts seeking reasons to remain optimistic for crypto adoption into 2019.

Despite falling prices for Bitcoin, which reached a historic low on the month, and the broader altcoin market, adoption and growth for the industry of cryptocurrency continues to give positive indicators. Two weeks ago, EWN reported on Google trend’s compiled year-in-review, which revealed “What is Bitcoin?” to be the number one search inquiry for questions asked in the United States and United Kingdom.

For some, the falling price and valuation for cryptocurrency has been a strong indictment on the future of the industry and innovation of the technology established through blockchain. However, for others, the falling prices are just obscuring the backdrop of broader adoption for Bitcoin and transacting in cryptocurrency. While ATM kiosks may not hold the same cache as institutional investment, Exchange Traded Fund approval, or recognition by social media giants like Facebook, it does provide a small indication of the building crypto adoption being predicted for 2019 and beyond.

Billionaire crypto investor and Bitcoin bull Mike Novogratz, in a conference call to kick off the start of the month, proclaimed that cryptocurrency had a strong outlook for 2019 and 2020 despite current market prices,

“I fundamentally think you’re going to see big adaption in 2019, 2020. Lots of the items in the digital world, the e-gaming space, are low value items so I think people will be more comfortable participating in blockchain. We’re making big investments in that area.”

Considering the 2,243 crypto ATMs operating in the United States, with many more spread across the globe, it appears the intrigue for crypto investing exists on Main Street. According to the data compiled by Coin ATM Radar, altcoins accepted at crypto ATMs grew by 59 percent during the month of November, shedding light on an industry that is broadening in both offering and usability. Coinbase, the popular U.S.-based exchange with over 13 million users, has made a sizable impact in broadening crypto exposure for casual investors, by adding more altcoins to its limited selection over the last month.

However Bitcoin, with its first to market advantage and near household name status, has managed to claim the lion’s share of ATM activity, with the majority of machines (to the tune of 4,042), accepting the king of cryptocurrency.

The post Cryptocurrency ATMs on the Rise Despite Falling Prices appeared first on Ethereum World News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0016409 (-100%)

cryptocurrency despite prices atms rise falling bitcoin

Источник: ethereumworldnews.com

cryptocurrency despite → Результатов: 126


Фото:

Asian News Headlines Exert Significant Impact on Cryptocurrency Prices

A report published by Mosaic has found the Asian region to be exerting a leading influence within the cryptosphere, despite China’s ongoing crackdown on digital asset platforms. The study finds Asian news events to have a significant effect upon BTC price volatility and highlights the increasing number of cryptocurrency exchanges targeting Asian traders.

2018-12-22 14:15


Фото:

Ripple Calls 2018 ‘The Year of Breakthroughs in Blockchain’

As the year is coming to a close, San Francisco based Ripple wrote in a blog post that it is looking forward to broader adoption of the blockchain technology in the upcoming year. It also went on to call 2018 ‘the year of breakthroughs in blockchain’ acknowledging the development work done during the year despite […] Ripple Calls 2018 ‘The Year of Breakthroughs in Blockchain’ was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-20 19:24


Despite undergoing a lower rate of Cryptocurrency adaptation, illegal Crypto Mining is a big business in Africa

Africa (countries in Africa) just like many other countries are still yet to fully adopt the technology of cryptocurrency and the major reason for this can be traced down to law enforcement organizations who are still uncertain on what to categorize cryptocurrencies as and where exactly the digital currencies fall into.

2018-12-20 23:38


Фото:

Despite Tensions, the Pound and Dollar See Growth

Forex trading is often cited to be volatile and difficult to predict – and developments from the United Kingdom have definitely proved this to be true. In a surprising development for both UK politics and the UK economy, the pound looked to be slightly healthier after a 20-month low following Prime Minister Theresa May’s announcement […] Despite Tensions, the Pound and Dollar See Growth was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-19 17:15


Фото:

Bear-Resistant: Blockstack Reaches “Milestone 1,” Unlocks $25 Million

Despite red water market conditions, Blockstack announced on December 13, 2018, that they had “unlocked” $25 million in resources to continue their blockchain development. In a company blog post, co-founder Muneeb Ali described the necessity of an advisory board, reviewed the firm’s milestones, and explained how the newly released funds would be put to use.

2018-12-15 00:00


Tether Stablecoin (USDT) Inserts Itself into Top 5 Coin Market Cap Despite the Crypto Winter

Tether seems to be slowly gaining on other cryptocurrencies in the top five list, despite its continually falling market capitalization trends. Though the market is still in ruins following the recent crash in price of major assets, the digital cryptocurrency buyers of the world have invariably turned their attention to stablecoins as a viable way […]

2018-12-11 20:31


R3 Announces Global Payment App With XRP as Base Currency

R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing  ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.

2018-12-6 01:54


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Global Bitcoin ATM Growth Continues – Now More than 4,000

Recent statistics by Coinatmradar reveal that Bitcoin ATMs globally have crossed the much touted 4,000 threshold. Bitcoin ATMs Surpass the 4,000 Mark According to Coinatmradar, the current number of Bitcoin ATMs globally is 4,060, a figure surpassing the 4,000 milestone.

Bitcoin ATMs About to Reach the 4,000 Milestone Worldwide

Current statistics reveal that Bitcoin ATMs around the globe are about to reach 4,000. Though not as widespread as mainstream ATMs, BTC ATMs seem to experience astronomical growth. In November, the number of such machines worldwide is expected to cross the 4,000 milestone.