The Controversial Business of Cash-to-Crypto Bitcoin ATMs

Franklin Noll ()

Payments System Research Briefing, 2023, 7

Abstract: Bitcoin ATMs, standalone machines that convert cash to cryptocurrency, are a relatively new and less examined part of the cryptocurrency world. This controversial industry has garnered criticism in the press as well as the U.S. government for its association with illegal or financially predatory practices. However, despite the recent downturn in cryptocurrency prices, some U.S. consumers are still using Bitcoin ATMs, suggesting the industry meets a demand from consumers who want an alternative to crypto exchanges.

Keywords: cryptocurrency; ATMs; bitcoin (search for similar items in EconPapers)
Date: 2023
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