Although they are not as extensively used as the ones produced for fiat money, Bitcoin (BTC) ATMs are still a standard medium for purchasing and selling BTC cryptocurrency. It is now a significant milestone, with over 3,500 Bitcoin (BTC) ATMs in operation around the world.
There are more than 3,500 Bitcoin (BTC) ATMs
The newest figures from Coinatmradar, a world-leading company which keeps track of the Bitcoin (BTC) ATMs locations, indicate that the drop in BTC rates has not had a significant influence on the pace at which cryptocurrencies ATMs are set up and operated throughout the world. The survey data indicates that there is now over 3,500 Bitcoin (BTC) ATMs operating around the globe, at the time of this article.
Among these ATMs in place, 1,846 (about 52.7%) also work with altcoins, the majority of the operation with Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).
The United States holds its ground
Coinatmradar figures show that North America has the most substantial number of Bitcoin (BTC) ATMs across the globe, with a whopping 2,594 ATMs in place, representing 74.05% of the world’ s cryptocurrencies ATMs. Behind North America, although it is far from it yet, there is Europe, where the United Kingdom and Austria are the main players, with Russia and the Czech Republic following closely after them.
Bitcoin (BTC) keeps the lead
The figures indicate that Bitcoin (BTC) is the dominant cryptocurrency in the world today. About 99.9 percent of all installed ATMs, around the globe, work with BTC, while the rest, on average, support Litecoin (LTC).
As the number of Bitcoin (BTC) ATMs deployed around the world grows every month and the gloom and pessimism over cryptos, the outlook looks bright for the crypto-verse. However, cryptocurrencies ATMs could be an ideal method to boost cryptocurrencies adoption, but very high commissions for each transaction usually represent them.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.