Get our affordable and Powerfull cloud Hosting Offers. made out of simplicity, security,affordable and speed. Visit Now

Get Offer
CNBCTech trends

Why Bitcoin ATMs Are Taking Over Malls And Gas Stations Across The U.S.

Table of Contents

Bitcoin ATMs, or BTMs, exploded in popularity between 2020 and mid-2022, at the height of the crypto craze. At their peak, BTMs totaled 34,000 across the U.S., according to Coin ATM Radar. More and more people are using bitcoin ATMs to send money at lightning speed. A study from Bitcoin Depot, the company with the largest share of BTMs across the U.S., found that two-thirds of their customers use the machines for remittances and online purchases. But these machines have also gained a reputation as a vehicle for crime. Scammers can send their victims to these kiosks to take advantage of the faster transaction speeds.

Watch the video to learn more about what’s driving the BTM boom, why these machines attract crime, and how prosecutors fight back.

Chapters:
00:00 — Introduction
00:46 — Explosive growth
03:20 — Criminal exploits
08:58 — Buying the competition

Produced and Edited by: Kaan Oguz
Managing Producer: Jordan Smith
Supervising Producer: Jeff Morganteen
Graphics by: Christina Locopo

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Why Bitcoin ATMs Are Taking Over Malls And Gas Stations Across The U.S.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Adblock Detected

Please disable your adBlocker. we depend on Ads to fund this website. Please support us by whitelisting us. We promise CLEAN ADS ONLY