There Are Now Over 7,000 Cryptocurrency ATMs Worldwide

[Mercury]

The number of crypto ATMs across the globe has grown to over 7,000, with machines in 75 countries.

At press time, CoinATMRadar listed 7,014 cryptocurrency ATMs in existence. This number also includes machines hosting digital currencies other than Bitcoin (BTC), including assets such as Bitcoin Cash (BCH), Ether (ETH), Dash (DASH) and Litecoin (LTC).

Crypto ATMs have come a long way

The world saw its first Bitcoin ATM in 2013, when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its launch day.

At present, 42 different manufacturers are responsible for the 7,000 global crypto ATMs. Only two locations host Robocoin ATMs, CoinATMRadar data showed. Genesis Coin sits in the lead with machines in 2,348 locations.

Digital asset ATMs keep coming

The world now sees 11.7 new crypto ATMs installed per day, according to CoinATMRadar’s data from the past seven days.

Last fall, Bitcoin ATM company Bitstop teamed up with massive United States-based mall operator Simon Malls, spurring the installation of five machines in five separate malls run by the operator.

Florida’s Miami International Airport also received a Bitcoin ATM from Bitstop in the latter half of 2019.

Crypto ATMs only recently surpassed the 6,000 landmark in November 2019, showing a growing public demand for cryptocurrency availability. This type of data shows digital asset adoption and presence continues waging forward, one step at a time.

Source

[Alcor]

If more than 7,000 cryptocurrency exchange ATMs have already been installed in the world and another 11,000 will be installed in the near future, this is a great investment and vivid evidence that business structures are confident in the prospect of cryptocurrency development. Expanding the network of such ATMs around the world will contribute to the spread of decentralized cryptocurrency among people who do not have sufficient technical knowledge about cryptocurrency and simply want to use it.