Bitcoin ATM Kiosks On The Rise Globally, Surpassing 6,000 With 65% In the United States
The global number of BTC ATMs just hit a new milestone. According to CoinATMRadar, an online resource, the number of Bitcoin ATMs available around the world today are more than 6,000. The resource goes on to state that of this, around sixty-five percent can be found in the United States.
U.S. Leading Other Countries in BTC ATMs Installation
What's more, a further 108 BTC machines were deployed in the last month, with additional data indicating that there are a total of 11 machines being installed on a daily basis. This pace is by far the fastest pace recorded in the past 12 months.
North America leads other continents when it comes to installation as it currently has more than three-quarters of machines already in place. It’s followed closely by Europe which has 20 percent, and Asia with a mere 2 percent. The United States boasts a total number of 3,924 BTC ATMs.
Canada comes a close second with 653 machines, with the United Kingdom coming in at number three with 272 machines, and Austria number 4 with 189 ATMs.
1,000 BTC ATMs Installed Since June 2019
The global number of machines increased by 1,000 ATMs since the month of June, indicating that there has been significant growth in the industry. BTMs, as they are sometimes called, makes it possible for enthusiasts to buy BTC with ease. Some machines are capable of handling two-way transactions, enabling crypto holders to sell them in exchange for cash.
In mid-October, Bitstop, a BTM firm installed one BTM machine at the Miami International Airport. Doug Carillo, the chief strategy officer and co-founder of the company noted that:
“More and more people prefer to travel with Bitcoin instead of cash for convenience and security. Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad.”
However, not everyone is expressing enthusiasm for the increased popularity of these machines, especially in the USA.