ChainDD Exclusive | Bitcoin and Ethereum ATMs in Hong Kong for Digital Currencies and Cash Exchange

On September 5, Bitcoin and Ethereum ATMs were found in the Naked Hub, Bonham Strand of Sheung Wan. The machines were released by the the company Genesis Block. According to this company, the business model behind these ATMs is buying and selling cryptocurrencies in a stock exchange and terminal users can access the ATMs through deposits. Those ATMs offer a simple and safe approach transaction.

It has been reported that the BATMTwo Model, used by the digital currency ATMs, can directly turn cash into cryptocurrency or vice versa, which is the latest trend in the industry.

In earlier reports of the ChainDD, the research company MarketsandMarkets stated that compound annual growth rate (CAGR) of the cryptocurrency ATM market will reach 54.7 percent from 2018 to 2023, which means that the market value will increase to $144.5 million within five years.

(The Chinese Version article is published with authorization from the author @Shirely 雅烁. The English version is edited by @Cherry 柴利君.)