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Mary Brendah
Nov 18, 2019
by Mary Brendah

Bitcoin ATMs Worldwide Reach Surpass 6,000 Milestone

ATM
The total number of Bitcoin ATMs located everywhere across the world has now hit a new milestone as it went above the 6,000 mark. According to online resource, CoinATMRadar, the latest BTC news indicate that there are currently 6,004 ATM machines installed worldwide. However, 65% of those are located in the United States.

Moreover, the data reveals that 108 machines have been installed this month and also the average number of Bitcoin ATMs installed daily is 11; the fastest pace this year.

Furthermore, according to the data, over three-quarters of the machines installed worldwide are located in North America; while 20% are in Europe and only 2% are in Asia. The United States is home to 3,924 ATMs, Canada has 653 Bitcoin ATMs while the next countries on the list include the United Kingdom and Austria with 272 and 189 ATMs, respectively.

1,000 BTMs Installed Since June

Additionally, the total number of BTC ATMs (BTMs) worldwide has risen by nearly 1,000 since June this year. This is an indication that the industry is booming and experiencing significant growth. They allow users to buy BTC while over 35% of the machines have two-way capabilities; enabling selling cryptocurrency for cash.

In addition, back in  October, such a machine was installed by the BTM firm, Bitstop at the Miami International Airport. The co-founder and chief strategy officer Doug Carillo noted that Bitcoin is very important for travelers, stating:

“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.”

However, not everyone is happy about the number of Bitcoin ATMs and the growth rate in the United States. Reportedly, the U.S. Internal Revenue Service and the Criminal Investigation Chief; John Fort are confident of the potential tax issues brought by Bitcoin ATMs and kiosks.

In conclusion, the growing number of Bitcoin ATMs proves that; cryptocurrency is getting a new swing and is becoming more and more popular in 2019.

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Bitcoin ATMs Worldwide Reach Surpass 6,000 Milestone
Mary Brendah
My first love is music – then goes writing. I don’t write fiction, I analyze bulls and bears in markets. I call it my jungle, the digital jungle of crypto and chains.

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