Coinatmradar.com signals a milestone of the threshold of 3,500 that is crossed for ATM bitcoins (BATM) installed around the world. One of the goals behind automatic bitcoin ATMs is the ease of onboarding in the world of cryptography. A bear market – a prolonged Crypto Winter – seemed to slow down BATM positioning. And it certainly could simply have, but the numbers remain relatively strong considering, with the greatest concern among BATM operators being the US federal regulations that prevent innovation.
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3,500 Bitcoin ATMs installed around the world
Coinatmradar.com announced this week a psychological milestone for the ecosystem reached: over 3,500 bitcoin ATMs are now installed around the world. Not long ago, the BATMs were designed for a perfect onboarding tool, and especially in the United States.
Americans are already trained on basic technology, having had decades of automated ways to get around cash. That such machines could be placed where consumers are, rather than the customer who has to look for it, the BATM would be placed in liquor stores, in fast food restaurants, in shopping centers, in cinemas, etc. It was only a matter of time before acquired convenience.
This was before prices got worse and the US federal government began to crack down on BATM operators. "Without a doubt, US regulations play a huge part in our business," said Blockchain BTM marketing manager Tim Curry. "We would be able to provide many more services, and for much less, if it were not for a myriad of regulations that we have to respect," Curry explained to News.Bitcoin.com to the comic strip of this & # 39; year with in San Diego, where his company was an exhibitor.
9 per day
Again, the fact that so many BATMs are up and running, with a strong concentration of those in the United States, and all this during a bear market, is the testimony of the potential power of BATM. "It's a bank in a box," Mr. Curry noted. "We can get on someone faster than Coinbase and in about two or three minutes from the beginning to the end, I do not have to wait up to a week, no connection to your personal bank account." Blockchain BTM is largely focused on the Californian market at the moment, from the border with Mexico to the north to Bakersfield.
less than a year and a half ago, the ecosystem celebrated the BATMs reaching four figures, 1,000, worldwide. Of the approximately 3,500 installed worldwide, over 1,800 support alternative currencies such as litecoin and ether. North America maintains the highest concentration of machines, with almost 2,600 installed between the United States and Canada.
At the moment, something of the order of 9 BATMs is installed per day. Genesis Coin and General Bytes make up more than half of all installations. Most of the machines are prepared to provide a copy of fiat, government paper and cryptography. However, the markets seem to look for two-way alternatives, allowing users to get in and out of the fiat and encryption, as these BATMs are growing in total market share.
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Images via Pixabay.
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