The number of Bitcoin automated teller machines has now passed 10,000 across the globe, breaking a record number of machines added exponentially. According to AksjeBloggen, a Norwegian financial service company, this number has surged a whopping 87% in the past year with almost 3,900 new ATMs having been added this year so far across the world.
These machines have been developed to allow users to buy, sell and trade Bitcoin and other cryptocurrencies and altcoins for cash.
In September of last year, the number was sitting at 5,336 and this number has spiked. CoinATMRadar, a monitoring site which tracks new Bitcoin ATMs which crop up, indicate 10,014 ATMs in 71 countries.
2020: Mammoth increase of Bitcoin ATMs
As reported by AksjeBloggen:
“[The] total number of Bitcoin ATMs hit 9,680 at the beginning of September, a 167% jump year-on-year. In December 2017, there were 1,932 BTMs in the world, revealed Coin ATM Radar and Statista data. By the end of 2018, this figure soared to 4,009, a 107% jump in a year. The number of Bitcoin ATMs operating around the world continued growing in 2019 and hit 5,795 in December.
Where are the Bitcoin ATMs?
According to the report, backed up by data compiled by CoinATMRadar, the United States is the country with the most Bitcoin ATMs by far with over 7,800 present in the country. In September, Canada stood in a far second with slightly under 900 machines. In September, the United Kingdom had 278, Austria had 150, Spain had 106, and Switzerland had 81 machines. From these tellers, most of the major and popular cryptocurrenices are available for cash purchases, including Ethereum, Ripple’s XRP Litecoin, ZCash, Bitcoin Cash, Monero, Dogecoin, and Tether.
While most of the countries listing Bitcoin ATMs are showing increases in the machines, there are a few countries which show negative movement in the industry.
Despite the negative movement in the countries, the increasing number of ATMs across the world – mainly the US – is still a positive sign for the market and the industry as a whole.