A cryptocurrency is a medium of exchange that has been developed digitally and operates all around the world. All that is needed are tools to access the internet. It mostly involves virtual currency and works as a substitute for the common tangible currencies. They never need a centrally controlled economic system such as banks. They use the distributed ledger technology where users can be involved in the transactions without the presence of a middleman.
Bitcoin is considered as the first form of cryptocurrency. Crypto ATMs have been recently introduced to enhance the cryptocurrency transactions. Mostly, they involve the purchase of bitcoins; hence they are also known as Bitcoin ATMs where an exchange of local bitcoin for cash or vice versa is carried out. Currently, the kiosks are a few thousand in numbers with the highest percentage in North America followed by Europe and then Asia.