Any idea why the concept of crypto ATMs failed ? It failed to become big ? Is it because of strict goverment regulations ?
Crypto ATMs failed because it puts people at risk for a $5 wrench attack.
For those who don't understand, the
explanation The $5 wrench attack illustrates that no matter how intricate your security is, a stranger yielding a weapon can coerce you into sending them your Bitcoin or other crypto assets.
A lunatic could be holding a $5 wrench near the crypto ATM waiting for their next victim.
This is why I amy never use a crypto ATM.