The total number of Bitcoin ATMs has now passed 10,000 worldwide.
According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs has jumped 87% in the past year, from the 5336 recorded in September 2019.
Monitoring resource CoinATMRadar shows there are currently 10,014 ATMs in 71 countries allowing users to buy and sell Bitcoin and altcoins for cash.
"2020 has witnessed a surge in the number of ATMs supporting digital coins," stated the AksjeBloggen report.
"3,885 new BTMs [opened] worldwide between January and September, a 67% increase in nine months."
Currently, the United States leads the market worldwide by a significant margin, with more than 7,800 BTMs. Canada comes in second with 869 machines.
Depending on the machine, crypto holders can purchase and withdraw major cryptocurrencies including Bitcoin Cash, Ether, Dash, Litecoin, Zcash, Monero, Dogecoin, Tether and XRP.However, adoption isn't growing everywhere.
CoinATMRadar's data shows that Austria was one of the few countries to experience negative installation growth since 2019.
The decrease could be related to the regulatory atmosphere, with new regulations in neighbouring Germany, which has just 27 BTMs. Machine owners are now required to obtain a license from the country's financial regulator, BaFin, to operate.
German businesses may be held liable for unlicensed Bitcoin ATMs on their property regardless of who owns them.
Bitcoin ATMs surge by 87% in past year to surpass 10,000 globally
Published on Sep 17, 2020
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.