According to a research report from MarketsandMarkets, the crypto ATM market is expected to grow from USD 16.3 Million in 2018 to USD 144.5 Million by 2023 while registering a compound annual growth rate (CAGR) of 54.7%. The growing acceptance of cryptocurrency in various industry provides opportunity for the crypto ATM market. The report also indicates that the market is growing rapidly due to growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations. 2-way crypto ATMs, in which a user can buy and sell their cryptocurrency, are expected to have higher growth during the forecast years. Netcoins Hldgs Inc. (OTC: GARLF), Sony Corporation (NYSE: SNE), TD Ameritrade Holding Corporation (NASDAQ: AMTD), Bayerische Motoren Werke AG (OTC: BMWYY), Overstock.com, Inc. (NASDAQ: OSTK)
According to Coinmarketcap, the total market capitalization of all cryptocurrencies is about USD 208 Billion as of Tuesday. Bitcoin, the largest cryptocurrency by market cap, was trading at USD 6,466.08. Bitcoin’s market cap accounts for 53.8% of the total cryptocurrency market. North America is projected to hold the largest share of the crypto ATM market due to the presence of a large number of crypto ATM hardware and software providers as well as a favorable investment environment, while the crypto ATM market in APAC is expected to witness a significant growth rate.
Netcoins Holdings Inc. (OTC: GARLF) is listed on the Canadian Securities Exchange under the ticker (CSE: NETC). Earlier last week, the Company announced that, “it has launched OTC services, for buy and sell side transactions, in 42 States in the United States. In these 42 States, Netcoins has met the regulatory frameworks in place, which cover cryptocurrency, in order to begin operating its OTC services. These frameworks continue to evolve and Netcoins will add or remove certain States as possible and/or required. Netcoins can also begin establishing retail locations in these States effective immediately.
The 42 States include:
California, Texas, Illinois, North Carolina, Massachusetts, Tennessee, Kansas, Idaho, New Hampshire, Montana, Alaska, Wyoming, Pennsylvania, Ohio, Michigan, New Jersey, Arizona, Indiana, Missouri, Maryland, Wisconsin, Minnesota, South Carolina, Louisiana, Kentucky, Oklahoma, Connecticut, Iowa, Utah, Arkansas, Nevada, Mississippi, New Mexico, Nebraska, West Virginia, Hawaii, Maine, Rhode Island, Delaware, South Dakota, North Dakota, and Vermont.
‘Netcoins is thrilled to be able to accept crypto purchases and sales from US-based customers, investors and institutions across a vast majority of the United States. We will also add to our active list of States in operations as we comply with the remaining state regulations, including a planned Bit License in New York,’ says Netcoins CEO, Mark Binns. ‘We can now establish retail locations, and have opened our OTC desk to a very broad customer base in the US. Netcoins aims to become a leading crypto brokerage in the US, starting today.’
About the Company: The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 21,000+ retail locations in Canada, Europe and Australia and an Over-The-Counter (OTC) trading desk accessible globally.”
Sony Corporation (NYSE: SNE) unlimited passion for technology, content and services, and relentless pursuit of innovation, drives it to deliver ground-breaking new excitement and entertainment in ways that only Sony can. Sony Corporation, Sony Music Entertainment (Japan) Inc., and Sony Global Education recently announced the development of a rights management system for digital content that utilizes blockchain technology. This new system is based on Sony and Sony Global Education’s previously developed system for authenticating, sharing, and rights management of educational data, and additionally features functionality for processing rights-related information. Blockchains create networks where programs and information are difficult to destroy or falsify and are well-adapted for the free transfer of data and rights. Those traits give blockchains many potential uses across a range of services including finance, merchandise distribution management, and the sharing economy, and blockchains are expected to bring about even more innovative services in the future. At present, they are also used in public P2P network transactions, primarily involving cryptocurrencies such as Bitcoin. Sony Global Education is continuously carrying out technological development and prototyping towards the use of blockchain technology in the educational field. This newly developed system can be utilized to manage educational materials and other forms of content used in the field of education, and Sony Global Education is considering its possible commercialization as a service. Sony Group is also considering innovative ways to make use of blockchain technology for information management and data distribution in a host of different fields. Through the technological development and commercialization of blockchains, including with this new system, Sony will continue exploring the possibilities that blockchain technology holds for Sony Group’s diverse and wide-ranging business domains.
TD Ameritrade Holding Corporation (NASDAQ: AMTD) provides investing services and education to more than 11 million client accounts totaling more than USD 1.2 Trillion in assets, and custodial services to more than 6,000 registered investment advisors. After being among the first financial services firms to offer approved clients with access to bitcoin futures contracts last year, TD Ameritrade Holding Corporation recently announced that it has made a strategic investment in ErisX, a regulated derivatives exchange and clearing organization that will include digital asset futures and spot contracts on one platform. With in-depth experience delivering and operating a fully regulated marketplace, ErisX has entered into the digital asset space with a broad offering of both spot and futures contracts on one platform. ErisX has integrated digital asset products and technology into reliable, compliant and robust capital markets workflows. With a regulated, liquid and accessible offering, ErisX enhances the digital asset space for institutional and individual traders alike. “As a strategic investor in the initiative, we look forward to working with the team at ErisX as they develop and launch digital currency products designed to fulfill the needs of retail investors,” said JB Mackenzie, Managing Director Futures & Forex at TD Ameritrade. “ErisX’s plan is to offer traders access to cryptocurrency spot contracts as well as futures contracts on a single exchange.”
Bayerische Motoren Werke AG (OTC: BMWYY) is the only automobile and motorcycle manufacturer worldwide to focus all its brands on the premium segment. BMW Group Financial Services in the U.S. recently announced the selection of six startups for the first-ever BMW Financial Services Collaboration Lab. The start-ups will now undertake a 10-week lab at BMW Financial Services’ offices in Hilliard, Ohio, to further develop their ideas alongside leading subject matter experts in the automotive and financial sectors. The Collaboration Lab accelerator program provides entrepreneurs, start-ups, and small businesses in fintech and other fields with the opportunity to partner with BMW Group Financial Services to develop, and then realize, innovative solutions and game-changing new technologies that can ultimately benefit consumers, dealers, and partners. Companies selected include: Supermoney, Bloom, and others. Supermoney is developing a unique digital wallet. In-store and online, customers can pay with a simple QR scan. The product runs on a system of smart contracts that effectively and efficiently manage counterparty risk, protecting both buyer and seller. Bloom uses public-private key encryption underpinning blockchain technology to verify customer identity and to attest to the accuracy of credit history without storing customer raw data on the servers.
Overstock.com, Inc. (NASDAQ: OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Overstock’s subsidiary, Medici Ventures, a global leader in blockchain technology, recently announced that its portfolio company, Bitsy.com, has commenced the limited beta launch of a digital wallet service that creates a simple, secure, and convenient bridge between traditional fiat currencies and cryptocurrencies. The initial beta release of the technology will support bitcoin purchases, with additional cryptocurrencies to follow soon. Unlike other wallet providers which do not let users actually hold their coins by using only derivative claims on coins owned by the provider, Bitsy users hold the actual real bitcoins and have complete control over their funds, including the ability to move or spend cryptocurrency. Biometric security insures against hacks and lost passwords. In the event a wallet is lost or destroyed, Bitsy’s key recovery system offers a unique and revolutionary way to recover funds. “Bitsy sets a new standard for cryptocurrency wallets. It is a game-changer because it gives users the freedom that bitcoin has always promised,” said Patrick Byrne, Chief Executive Officer and Founder of Overstock.com. “This new Bitsy wallet has extraordinary advantage in convenience versus anything currently on the market. In addition to setting a new standard for cryptocurrency wallets, integrating with Bitsy will allow Overstock to take the next step in its cryptocurrency journey by allowing the company to offer bitcoin for sale directly from the retail website.”
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