Bitcoin ATMs Continue to Spread Across the Globe
Bitcoin ATMs Continue to Spread Around the Globe
News
Images via Shutterstock, also Coinatmradar.com
Published at Wed, 09 Jan 2019 16:20:52 +0000
One area that has seen particularly strong growth continues to be Latin America, which currently holds over 1.7% of the planet ’s crypto ATMS -- also a large number considering that many are based in developing nations. Colombia has the highest number in the area, together with 26. The number in the Andean nation has taken in the past year as employers aggressively expand to supply Venezuelan migrants residing in Colombia who cope in crypto and send it home to loved ones in their crisis-stricken neighboring nation. Elsewhere in Latin America, Argentina holds eight ATMs, Peru has one, while in Central America, Costa Rica’s capital has only one ATM as does Guatemala’s. Mexico, on the flip side, can also be seeing rapid expansion, together with 11 ATMs.
Elsewhere on the planet, there are 107 crypto ATMs in Asia, with the maximum in Hong Kong in 32, while in Japan there are 10, Malaysia 10, Singapore nine, Taiwan eight, along with Israel eight. Georgia, that sits at the crossroads of Western Asia and Eastern Europe, holds 11, in part due to its role as a mining epicenter. Africa holds just seven ATMs, together with four being located in South Africa and one in Zimbabwe, a nation where bitcoin has soared in popularity -- even though a ban. Elsewhere, Australia holds 51 ATMs and the tiny island of St Kitts and Nevis has just one.
Europe holds the 2nd greatest number of cryptocurrency ATMs, with 23.1 percent, or 958. Crypto-friendly Austria maintains the crownwith 270, and the U.K. isn't much behind having 214. Growing in continues to be stable in both the U.K. and Austria because this past year, even though BTC dropping over 70% of its value within this moment. Other nations with relatively substantial quantities of crypto ATMs include Spain (65), Czech Republic (65), Russia (46), and Switzerland (45).
Want to create your very own secure cold storage paper pocket? Assess our programs section.
What would you think about the surge in popularity of cryptocurrency ATMs? Let's know what you think in the comments section below.
According to data from Coinatmradar.com, the U.S. gets the highest number of crypto ATMs, together with 2,493 -- or 55.9% -- of this planet ’s BATMs. 45 out of 50 countries have at least one cryptocurrency ATM, with California top with 475, followed by Illinois with 252. Chicago alone holds approximately 226. Other countries with large numbers of ATMs comprise New York, together with 131, and Georgia, that has 121 of those machines in its capital Atlanta. North America as a whole, including Canada, has 71.7 percent, or even 2,981 of this planet ’s crypto ATMs.
According to the data from Coinatmradar.com, approximately six crypto ATMs are being set up daily. Genesis Coin is the largest producer, with 1,326 dotted around the world. It is closely followed by General Bytes, with 1,250 and then Lamassu, that has 435. Nearly all the planet ’s machines are one-way apparatus -- meaning they can only be used to purchase cryptocurrencies -- though ATMs that enable users to sell are on the increase, also. Most of these devices support BTC, BCH, litecoin (LTC), also ethereum (ETH). With such quick expansion through 2018, despite the market crash, it seems like worldwide BATM amounts will continue to grow through 2019.
There are currently over 4,000 bitcoin ATMs throughout the world, international statistics provided by Coinatmradar.com show. Nearly all of them support bitcoin (BTC) and also an increasing number are supporting bitcoin money (BCH). Most of the machines, also called BATMs, could be located at the U.S., though their presence is steadily growing, not just in developed European nations, but also in Latin America and Asia also.
Additionally read: Why Colombia Is Now a Household for Bitcoin ATMs
Growing in Latin America and Elsewhere
