The Number Of Bitcoin ATMs Increased By 70%: It’s Getting Easier To Buy BTC
If earlier Bitcoin ATMs were a curiosity, now they are increasingly becoming part of the everyday life of world society. Bitcoin ATMs are increasingly being installed in shopping centers, shops and other public places near traditional ATMs. This once again confirms the great potential of the crypto industry and the growth of confidence in digital currency.
The number of installed Bitcoin ATMs in the world exceeds 7500. Coin ATM Radar provided very indicative statistics: the number of ATMs from January to April 2020 increased by 70% compared to 2019. The ability to buy Bitcoins for cash is increasingly attracting people, so the installation of Bitcoin ATMs has received a new impetus for scaling.
Interestingly, between 2014 and 2018, 2,000 ATMs were installed in different parts of the world. In the first quarter of 2020, 1,200 new ATMs were installed. These devices have the highest concentration in those countries that have a loyal cryptocurrency policy.
The United States remains the leader in the number of bitcoin ATMs (more than 5 thousand Bitcoin ATMs), which equals 70% of the total number of Bitcoin ATMs in the world. Among the countries that are actively introducing Bitcoin ATMs, one should highlight the UK, Austria, Canada. Asian countries account for 1.7% of the number of Bitcoin ATMs in the world.
Bitcoin ATM production is gaining momentum
Today there is a strong competition in the Bitcoin ATM manufacturing market. According to the latest data, 42 manufacturers are engaged in the manufacture and supply of Bitcoin ATMs. The industry leader is Genesis Coin. The company produces ATMs that support transactions with Bitcoin, Lightcoin, and Dogecoin.
There are more than 500 operators in the world who specialize in servicing customers who want to receive Bitcoins for cash. CoinCloud remains the leader among operators. This company owns 653 bitcoin ATMs. Bitcoin Depot comes in second with over 500 ATMs.
It should be noted that Bitcoin ATMs are an excellent solution for those who want to buy bitcoins as quickly as possible. But for this efficiency, you will have to pay a fairly high commission for services. Thus, everyone has a choice.