The future promised to us in movies is here! Latest data shows that the number of Bitcoin ATMs in the US has risen 177% over the past year. The numbers around the globe are equally impressive.
These newest insights arrive from Coin ATM Radar, and show that close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020. The current number of machines stands at 16,835 — a solid 57.5% increase.
In other words, 9,683 new machines popped up as compared with 7,152 last year.
According to the ticker that tracks crypto ATM installation speed, 34.6 new machines are being installed each day across the planet. Vast majority of these are buy-only at 77.6%, with 22.4% offering support for both buy and sell operations.
Any which way it happens, right?
Getting to the individual breakdown based on countries, the growth in the US has been unparallel. The number of machines rose 177%, going from 4,945 machines to 13,699 from March 1, 2020 to March 1, 2021.
Canada is the country with the next-highest number of Bitcoin ATMs, and it clocks in at just 1,268. That still accounts for a share of roughly 7.5% of machines worldwide.
Moving to the Old Continent show a steady but modest increase from a total of 1,233 machines back in March 2020 to 1,273 as of now.
Austria and the United Kingdom have a somewhat jagged trend to show during the past couple of years. In the former, the number of machines peaked in May 2019 at 266, and has since fallen to 153 as of this week. This makes for a decrease of 42.5%.
While the UK has seen slightly less decline, numbers there are still heavily down from a high point of 283 in February 2020 as compared with 199 in the latest count, coming in at a decline of 30%.
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