Any idea why the concept of crypto ATMs failed ? It failed to become big ? Is it because of strict goverment regulations ?
A lot of reasons why many have not been considering for the use of the bitcoin ATM again and base on my little research, here are the few reasons i see could be the cause to this steady decline from it use.
1. High cost/transaction fee for using bitcoin ATM
2. Susceptible to physical damage and attack
3. High cost of maintenance and government regulation
4. Scarce availability of the use of ATM machine for making bitcoin transaction.