ATMIA releases an industry-first research paper on BitCoin

London, UK & Sioux Falls, USA– March, 2014 –The ATM Industry Association has announced today the release of a commissioned research report into the digital currency BitCoin and what it might mean to the industry. The paper, written by Tremont Capital Group, one of the nation’s leading consulting firms specializing in the ATM industry, is called “An Introduction to BitCoin ATMs” and contains special reference to North America where the currency originated.

The comprehensive analysis, conducted by Sam M. Ditzion, a widely respected ATM industry expert, offers an overview of the history of BitCoin, how the currency works, recent controversies, the evolving regulatory landscape, and the expanding role of BitCoin ATMs.

“We’ve been asked as an industry body to comment on the significance of BitCoin and digital currencies to the ATM and cash industries,” Mike Lee, ATMIA’s CEO, said. “This paper is our first report of many which will enable us to draw some logical conclusions about how BitCoin will affect payments and regulations in future.”

BitCoin, which allows people to send and receive payments within an entirely decentralized peer-to-peer network, has quickly become the most prominent form of “digital currency” in the world.  While still in its infancy, the deployment of BitCoin ATMs addresses some of the most significant challenges associated with exchanging cash for BitCoin in an easy, instant, safe and fully transparent way.  Tremont Capital Group expects that a wide range of new BitCoin ATM manufacturers and deployers will emerge in 2014 and that the regulatory environment worldwide will continue to evolve. 

“While many consider it a fringe currency,” Ditzion explained, “BitCoin – or another similar digital currency with extraordinarily low transaction costs that may emerge in the future – could have a significant impact on the global payments industry. If Bitcoin gains traction to become a more widely accepted alternative currency, Bitcoin ATMs could become one of the most convenient distribution channels available to consumers for exchanging Bitcoin from and into cash.”

The report is free to all ATMIA members and can be downloaded on the ATMIA website.

Non-members may purchase the report for a limited time at a discounted price of $145.00 USD until April 30th 2014 (Regular price $195.00 USD). Click here to purchase the report.

About Tremont Capital Group, Inc.
Tremont Capital Group is the leading provider of business strategy consulting, research, and merger & acquisition advisory services to the ATM and related industries. To learn more about the services provided by Tremont Capital Group, please visit www.tremontcapitalgroup.com or call 617-482-8866.

About ATMIA
www.atmia.com

The ATM Industry Association is a global non-profit trade association with over 4,000 members in 60 countries. Its mission is to promote ATM convenience, growth and usage worldwide, protect the ATM industry's assets, interests, good name and public trust; and provide education, best practices, political voice and networking opportunities for member organizations.