Running short on bitcoin (BTC) to pay for lunch? Soon it may be as easy to get some at an ATM near you as it is to get paper money.
According to a report from ResearchandMarkets.com, the crypto ATM market is expected to grow from $16.3 million this year to $144.5 million by 2023, at a compound annual growth rate of 54.7 percent during the period.
The growth will be powered by “two-way” ATMs that let a user change digital currency to fiat and vice versa. The increasing acceptance of cryptocurrency across industries, particularly in developed markets such as the U.S. and Japan, “are among the factors providing opportunities for the crypto ATM market,” according to the report.