By Johnnie Viramontes 
As technology advances, cryptocurrency ATMs (PBMs) are becoming more and more convenient, secure and functional. Innovations in these devices are helping to improve the user experience, increase transaction security, and speed up the cryptocurrency exchange process. In the following overview, let’s take a look at how new technologies are changing bitcoin ATMs.
Adoption of Biometric Identification
Modern cryptocurrency ATMs are beginning to actively utilize biometric technology to improve security and simplify the user identification process. Instead of traditional verification through documents or sms codes, some ATMs now offer fingerprint or facial identification. This speeds up the transaction process and helps avoid fraud by providing a high level of protection.
- Example: Some PBM models in Europe have already integrated facial recognition for high value transactions.
Support for various cryptocurrencies and fiat currencies
Cryptocurrency ATMs are becoming more versatile every year. If earlier they supported only Bitcoin, now many devices allow exchanging dozens of different cryptocurrencies (for example, Ethereum, Litecoin, Dogecoin) and work with various fiat currencies. This makes PBMs accessible to a wide audience of users and helps increase their popularity.
- Example: Some ATMs now offer exchange not only for euros or dollars, but also for local currencies such as zloty, kroner, and rubles.
Integration with mobile apps
With the development of mobile technology, PBMs can now interact with mobile wallets and apps. This allows the user to conduct transactions faster and more securely. For example, cryptocurrency can be exchanged or purchased using a QR code, which speeds up the process and reduces the risk of errors. Many PBMs now support smartphone exchange features, allowing users to synchronize their mobile wallets with ATMs for easier use.
- Example: ATMs that support mobile wallets like Bitcoin Wallet or Trust Wallet allow users to easily transfer funds to their devices.
Security updates: blockchain and multi-factor authentication
With the rise of security threats and fraudulent schemes, cryptocurrency ATM operators are actively implementing new security methods such as multi-factor authentication (MFA). This may require ATMs to require two or more methods of identity verification, such as sms code, email or biometrics.
In addition, new blockchain technologies and cryptographic methods are being used to secure transactions and provide transparency of transactions. This reduces the likelihood of errors and increases user confidence in the PBM.
- Example: Many modern devices now use hashing and blockchain to verify transactions in real time, providing transparency and security.
Using artificial intelligence to analyze transactions
Artificial intelligence (AI) is becoming an integral part of cryptocurrency ATMs. It helps in analyzing and monitoring transactions as well as preventing fraud. For example, AI can track unusual ATM usage patterns, allowing suspicious transactions to be quickly detected and blocked.
- Example: Some PBMs in European countries use AI algorithms to monitor transactions in real time, automatically alerting users to potential risks.
Multiple language interface and improved user navigation
Modern cryptocurrency ATMs have improved interfaces that make them more accessible to people with different levels of cryptocurrency knowledge. ATMs now offer multiple language options and intuitive navigation, making them easy to use for people from different countries.
- Example: Many devices offer support for up to 20 or more languages, including Chinese, and Arabic.
Conclusion
New technologies are changing cryptocurrency ATMs, transforming them into more functional, secure and convenient devices. The introduction of biometrics, artificial intelligence, mobile apps and other innovations are helping to improve the user experience, making transactions faster and safer. This contributes to the growing popularity of cryptocurrency ATMs and their integration into everyday financial infrastructure.