The total number of Bitcoin ATMs worldwide has exceeded 10,000.
Bitcoin ATMs (BTMs) jumped 87% last year from the 5,336 recorded in September 2019, according to Norwegian finance company AksjeBloggen. In 2020 alone, nearly 3,900 new ATMs were added. CoinATMRadar monitoring reveals that there are currently 10,014 ATMs in 71 countries that allow users to buy and sell bitcoin (BTC) and altcoins for cash.
AksjeBloggen report says: “In 2020, the number of ATMs supporting digital currencies has increased.”
“Between January and September, 3,855 new BTMs were opened globally, an increase of 67% in nine months.”
The United States currently leads the global market by a large margin of more than 7,800 billion barrels. Canada is second with 869 cars. Depending on the device, cryptocurrency holders can buy and withdraw major cryptocurrencies, including Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), and Dogecoin ( DOGE). Tether (USDT) and XRP.
However, their use is not growing everywhere. CoinATMRadar data shows that Austria has been one of the few countries to have seen negative growth in stabilization since 2019. There are currently 149 BTMs in the country, up from 244 in September 2019.
The decline may be due to the regulatory climate, with new regulations in neighboring Germany, which only has 27 BTMs. Car owners must now obtain a license from the nation’s financial watchdog, BaFin, to operate. German companies can be held responsible for unlicensed Bitcoin ATMs on their properties, regardless of who owns them.