The amount of Bitcoin automated teller machines (ATMs) across the world had jumped since the beginning of this year. The number had been hitting an all-time high as the public switches to contactless payment methods, mainly due to the coronavirus pandemic.
Now there are over 12,000 Bitcoin ATMs worldwide, meaning Bitcoin holders are provided with easy means for buying and selling Bitcoin and other supported coins.
Bitcoin ATMs are growing Larger.
In January this year, there were only 6,376 Bitcoin ATMs worldwide. Since then, the installation rate has been growing non-stop, for there are 12,274 ATMs as of November 24. This signifies a 92.5% increase from the record of January or additional 5,898 ATMs. These Bitcoin machines will give users the same experience as regular ATMs, except that cryptocurrency is involved.
Some machines enable Bitcoin and other cryptocurrency holders to purchase and sell digital currencies for cash, using either cards or cash easily. The US accounts for the highest number of Bitcoin ATMs installation. Despite not being the pioneer jurisdiction to install an ATM, the country has since taken the lead, moving from 4,215 last January 1 to 10,097 machines on November 24. Canada follows with installations in 985 locations.
Africa gears up
Africa holds the smallest number of Bitcoin ATM installations, among others. But the number has been improving as cryptocurrency adoption continues to grow. There are now 13 crypto ATMs available in African countries, including Nigeria, South Africa, Kenya, and others.
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