Cryptonica hits 10M in weekly transactions

Cryptonica has reached a major milestone by successfully processing 10 million transactions every week.

Cryptonica has a network of 6,000 ATMs spread across 22 countries, making it easy to access digital assets. It shows that 62% of transactions made through these ATMs involve Bitcoin (BTC), 23% involve Ethereum (ETH), 7% involve Dogecoin (DOGE), and 8% involve other altcoins.

The average transaction value is $133, indicating a diverse user base that includes retailers and small to medium-sized businesses.

What are crypto ATMs?

Crypto ATMs, also known as Bitcoin ATMs or BTMs, are physical kiosks that allow users to buy and sell cryptocurrencies using cash or debit cards. These machines are connected to the internet, allowing them to interact with various cryptocurrency exchanges and blockchain networks.

Users can purchase cryptocurrencies by inserting cash or a card and providing their wallet address, typically through a QR code scan.

Some crypto ATMs also allow users to withdraw cash by selling their cryptocurrencies. These transactions are typically fast, with confirmations taking anywhere from a few minutes to an hour, and are secured with compliance measures such as identity verification to prevent fraud.

Increasing use of crypto ATMs

The recent 55 percent increase in transaction volume compared to the previous week shows that the demand for cryptocurrency ATMs is increasing around the world.

Cryptonica ATMs have an impressive 99.98% uptime, setting a new industry standard for efficiency and reliability. The average transaction time is just 90 seconds. Strict anti-fraud measures and locking modes ensure the safety of digital assets, contributing to the company’s growth and user trust.