Any idea why the concept of crypto ATMs failed ? It failed to become big ? Is it because of strict goverment regulations ?
It failed because fees are too expensive, besides its access being totally restrict to few major cities. And I believe it must be due to the fact machines' costs are also very expensive. In the digital era, there is no way to compete against virtual exchange apps which fulfill the same purpose of ATMs, while charging cheaper fees and being much more accessible.
ATMs were just a fancy thing restricted to a minor niche of Bitcoin adopters. Probably it can't even be said such machines have become a trend at some point, due to its low range.