The ATM Industry Association says it welcomes bitcoin ATMs but concerns about fraud, hacks and money laundering remain.
Cash is king, international trade group reiterates in position paper.
A new white paper sponsored by the ATM Industry Association found independent ATM firms deployed more machines in the past four years but made less money. The ATMIA is the trade association for primarily independent ATM firms.
Domestic, independent ATM firms deployed 10% more ATMs over the past four years, while net income decreased 25%.
Read the latest news in mobile payments, mobile banking and ATM performance in this Focus Report.
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ATM Industry Association report includes a rundown of how bitcoin currency works and efforts to regulate it.
Global survey finds envelope-free deposits at the top of the list in recent years, with mobile expected to fuel future growth.
ATMIA says "reports of the death of cash have been greatly exaggerated."