Bitcoin ATMs Continue to Spread Across the Globe
Bitcoin ATMs Continue to Spread Around the Globe
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.