Bitcoin in India, Nigeria, Kenya to Spur Global ATM Market

The growing need for automated teller machines including Bitcoin ATMs in developing nations such as Nigeria, India, and Kenya is propelling the growth of the global ATM market, says Technavio’s latest global ATM market report.

Emerging trends

The research highlights three key emerging trends predicted to impact market growth through 2020.

Aside investments in bitcoin ATMs by entrepreneurs, the research study also identifies deployment of ATM machines in off-site terminals and advances in technology emerging trends expected to propel the growth
of the global ATM market.

According to coinatmradar.com, which collates the location of bitcoin ATMs all over the world, there are presently 639 bitcoin ATMs in different parts of the world.

This is almost a 200% increase in the number reported by the same website in 2014 when it showed there were 211 Bitcoin ATMs operating on six continents.

Government initiatives for disbursing benefits,