Close
  • Loading ticker data...
Coin Prices →
Adoption

We see more and more adoption in cryptocurrency ATMs each day

Every day, almost five new cryptocurrency-focused ATMs are installed; offering customers the opportunity to buy cryptocurrency physically.

Written by Rebecca Leighton Published on

Automated teller machines (ATMs) dedicated to Bitcoin and cryptocurrency are increasing in number and has exceeded 4,000 ATMs worldwide.

According to data from Coin ATM Radar, there are 4,167 cryptocurrency ATMs worldwide at the time of writing. Breaking the number down into location, the top three countries are  the United States of America with 2,499 ATMs, Canada with 705 ATMs and Austria with 267 ATMs.

Coin ATM Radar’s gauge scale shows that 4,9 – almost five – new ATMs are being installed in various locations across the globe every day.

At present the top token for teller trading is Bitcoin – and 4,162 out of a total of 4,167 tellers offer the token. Other altcoins supported are Litecoin (which has 59.5% of the tellers offering support), Ethereum (which 49.3%), Bitcoin Cash (with 33.9%) and privacy focused Dash (with 17.9%).

According to Coin ATM Radar, the biggest producer of the tellers is Genesis Coin, which makes up 1,311 tellers. General Bytes is a close second manufacturer and has 1,239 tellers internationally and in third is Lamassu with only 434 tellers. Lamassu announced at the beginning of the year that it has relocated its operations to Switzerland in order to avoid regulatory issues. Co-founder Zach Harvey stated that the Swiss banks were both aware and happy with the business model of the cryptocurrency ATM:

“Just as we arrived in Switzerland we had a nice chat with a small bank in Canton Aargau and now we have a full account at a bank that is completely aware of our business model and happy to have us on board. In fact, you should expect to see one of our cryptomats in their headquarters early this year.”

Start trading cryptocurrency with Coindirect.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

Related Articles