Bitcoin ATM Worldwide Exceeds Over 6000

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:

  1. The U.S. has 3,924 Bitcoin ATMs

  2. Canada has 653 Bitcoin ATMs

While the next countries in the top-four are:

  1. The United Kingdom with 272

  2. 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.

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

#Bitcoin #btc #btm #cryptocurrency #ATM

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