Bitcoin ATMs Surge By 87% In Past Year To Surpass 10,000 Globally

 

The total number of Bitcoin ATMs has now passed 10,000 worldwide.

2020 has witnessed a surge in the number of ATMs supporting digital coins.

According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs (BTMs) has jumped 87% in the past year, from the 5336 recorded in September 2019. In 2020 alone, nearly 3,900 new ATMs were added. Monitoring resource CoinATMRadar shows there are currently 10,014 ATMs in 71 countries allowing users to buy and sell Bitcoin (BTC) and altcoins for cash.

“2020 has witnessed a surge in the number of ATMs supporting digital coins,” stated the AksjeBloggen report.

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 (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DOGE), Tether (USDT) 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 country currently has 149 BTMs, down from 244 in September 2019.

[image:pixabay]

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