bitcoin atm
Bitcoin ATM Worldwide Exceeds Over 6000
November 18, 2019
bitcoin atm
Bitcoin ATM Worldwide Exceeds Over 6000
November 18, 2019

The total number of Bitcoin (BTC) ATMs installed worldwide has now surpassed over 6,000.

CoinATMRadar, an online repository of Bitcoin ATM maps worldwide shows that there are currently 6,004 machines installed worldwide with over 65% in the United States. 

The United States Leading In Bitcoin ATMs

A total number of 108 machines have been deployed this month with the average daily number of Bitcoin ATMs installed is 11 — the fastest pace this year.

Over three-quarters of the machines that are installed worldwide are in:

North America with nearly 20% in Europe and only 2% in Asia with:

  • The U.S. has 3,924 Bitcoin ATMs
  • Canada has 653 Bitcoin ATMs

While the next countries in the top-four are:

  • The United Kingdom with 272
  • Austria with 189

1000 Bitcoin ATMs Deployed Since June

The total number worldwide increased by about 1,000 since June, showing that the industry is seeing significant growth.

Bitcoin ATMs, sometimes referred to as BTMs, allow users to buy BTC, while over 35% of machines also have two-way capabilities enabling sell crypto for cash. In mid-October, a BTM was installed by BTM firm Bitstop at the Miami International Airport.

ALSO READ :  Litecoin Founder Charlie Lee Proposes Mining Pool Donations For Cryptocurrency Development

The company’s co-founder and chief strategy officer Doug Carillo claimed that explained that Bitcoin is useful for travelers:

“More and more people prefer to travel with Bitcoin instead of cash for convenience and security. Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad.”

Although not everyone is positive about the growth in popularity of Bitcoin ATMs, particularly in the United States. 

The U.S. Internal Revenue Service Criminal Investigation Chief John Fort said that the regulator is wary of the potential tax issues caused by Bitcoin ATMs and kiosks while adding:

“They’re required to abide by the same Know-Your-Customer, Anti-Money Laundering regulations, and we believe some have varying levels of adherence to those regulations,”


Source: Cointelegraph


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!