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This year, the number of installations of automatic cryptocurrency deposit and withdrawal (ATM) equipment has increased significantly, showing an average increase of 1 unit per hour.
Cryptocurrency ATMs support the use of fiat currency to buy coins or exchange cryptocurrency for cash. It also provides a service that allows you to pay directly with cryptocurrency in restaurants.
On the 8th (local time), Cointelegraph, a media specialist in cryptocurrencies, cited data from coin analyst ATM Coin ATM Radar and predicted that “the number of cryptocurrency ATMs in the world from 6372 last year will be by 11,665 by the end of this year. ” This is an increase of over 80% compared to last year.
According to Coin ATM Radar, an average of 23 cryptocurrency ATMs are installed per day.
The United States was selected as the country with the largest number of cryptocurrency ATMs in the world. Until last year, the total number of ATMs was 4213, but by the end of this year, 9,242 are expected to increase by more than 50% from the previous year. The United States currently accounts for 79.2% of the global ATM cryptocurrency market share.
Cointelegraph said, “In the United States, cryptocurrency ATMs are being installed and used in small shops, malls and transportation hubs. It’s getting bigger.”
Meanwhile, the world’s first cryptocurrency ATM was known as a Bitcoin ATM that Robokin installed in a coffee shop in Vancouver, Canada in 2013. By that time, the ATM had traded $ 10,000 on the first day of installation.
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