Cryptonica hits 10M in weekly transactions

Cryptonica Achieves Milestone with 10 Million Weekly Transactions

Cryptonica has surpassed a significant milestone, successfully processing over 10 million transactions weekly.

With a vast network of 6,000 ATMs spanning 22 countries, Cryptonica simplifies access to digital assets. Data from these ATMs reveals that 62% of transactions involve Bitcoin (BTC), 23% involve Ethereum (ETH), 7% involve Dogecoin (DOGE), and 8% involve other altcoins.

The average transaction value of $133 indicates a diverse user base, including retailers and businesses of various sizes.

Understanding Crypto ATMs

Crypto ATMs, also known as Bitcoin ATMs or BTMs, are physical kiosks that enable users to buy and sell cryptocurrencies using cash or debit cards. Connected to the internet, these machines interact with various exchanges and blockchain networks.

Users can purchase crypto by inserting cash or swiping a card, providing their wallet address (often via QR code).

Some crypto ATMs also offer cash withdrawals, allowing users to sell their cryptocurrencies. Transactions are typically quick, with confirmations taking a few minutes to an hour, and are secured by compliance measures such as identity verification.

Growing Popularity of Crypto ATMs

The surge in transaction volume, 55% higher than the previous week, reflects the increasing demand for crypto ATMs globally.

Cryptonica ATMs maintain an impressive uptime of 99.98%, setting an industry benchmark for reliability. The average transaction time is an efficient 90 seconds. Robust fraud prevention measures and lockdown modes safeguard digital assets, contributing to the company's growth and user confidence.