KC Fed tracks healthy growth of crypto ATM industry despite predatory operators

by Aurelia Butler 31 August 2023, 21:00 109 Views

Crypto ATMs convert Bitcoin (BTC) and often other cryptocurrencies or stablecoins into or out of fiat. Like traditional ATMs, crypto ATMs are usually placed in high-traffic locations and charge a fee for their service. That fee is one of the sources of controversy about crypto ATMs, Kansas City Fed lead payments specialist Franklin Noll wrote in the report. The average fee to use a crypto ATM is 15-16%, and operators may set an unfavorable conversion rate, effectively driving fees up to 20% in many cases.

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Source: Cryptocurrency - investing.com

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KC Fed tracks healthy growth of crypto ATM industry despite predatory operators

Stocks making the biggest moves midday: Tilray, Salesforce, CrowdStrike, Dollar General and more

Hollywood studios should cut Netflix out of strike negotiations, Barry Diller says

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