Cryptonica, a leading cryptocurrency provider, has achieved a significant milestone with 10 million weekly transactions. This accomplishment highlights the growing popularity and accessibility of digital assets through their network of 6,000 ATMs across 22 countries. The data from these transactions reveal that Bitcoin (BTC) accounts for 62%, Ethereum (ETH) for 23%, Dogecoin (DOGE) for 7%, and other altcoins for 8% of the total transactions.
But what exactly are crypto ATMs? These machines, also known as Bitcoin ATMs or BTMs, are physical kiosks that allow users to buy and sell cryptocurrencies using cash or debit cards. Connected to the internet, they can interact with various exchanges and blockchain networks. Users can easily purchase crypto by inserting cash or a card and providing their wallet address through a QR code scan. Additionally, some ATMs enable users to withdraw cash by selling their cryptocurrencies, with quick transaction times and secure processes in place.
The surge in transaction volume, 55% higher than the previous week, indicates a growing demand for crypto ATMs globally. Cryptonica stands out with an impressive uptime of 99.98% and an average transaction time of just 90 seconds. Their commitment to stringent security measures, including fraud prevention and lockdown modes, has contributed to the company’s success and earned user trust.
Furthermore, the average transaction value of $133 suggests a diverse user base that includes retailers and small to medium-sized businesses. This indicates that cryptocurrencies are not just for individual investors but are also being adopted by businesses for various transactions.
As the use of crypto ATMs continues to grow, Cryptonica’s milestone achievement serves as a testament to the increasing mainstream acceptance of digital assets. Their efficient and reliable service has set a new industry standard, making it easier for users to access and trade cryptocurrencies securely. With the company’s focus on security and user experience, Cryptonica is well-positioned to lead the way in the evolving crypto landscape.