Any idea why the concept of crypto ATMs failed ? It failed to become big ? Is it because of strict goverment regulations ?
It hasn't failed yet because there're numerous ATM spots in a lot of regions such as in the United States, El Salvador, Spain, Canada, Australia and even in my locality Nigeria, there's an bitcoin ATM.
Although the spreadout of the bitcoin ATM system is depends on each countries supports and regulatory involvement of the governments.
Bitcoin is decentralized and can't just get it ATM installed in the places where the government has not agreed to terms.
Also, a poor security networking system also utters barriers to why bitcoin ATMs can't be installed in a wider range in the society.
It's just in the development, in my opinion. In the process of adjustments by each country in question
Security issues - yeah, they are still there..