According to Coinatmradar, the bullish cryptocurrency market has affected the spread of Bitcoin ATMs. Over the past couple of months, there has been a high increase in ATM machines
As of May 7, there are more than 19.5 thousand cryptomats in the world. Last year at the same time there were only 7.8 thousand, in many respects, it is due to the growth of BTC and ETH, as well as other cryptocurrencies.
Demand for digital tools is growing, and Bitcoin-ATMs providers are installing more and more devices in the largest countries. In April, the rate of installation of ATMs increased by 10%.
There is a lot of competition in this market. Companies like Coin Cloud, CoinFlip, and many others have to fight among themselves to find the best place to install an ATM.
Most are definitely set in the US. This country leads in the number of ATMs. There are 16.37 thousand ATMs installed here. The increase for the year was 5.6 thousand installations.
There are 1.36 thousand ATMs in Canada. Their number has increased almost half in a year. But in Europe, the number of ATMs has increased uncritically. Last year there were 1.24 thousand ATMs in the EU, and this year this number increased to 1.3 thousand installations.
In these ATMs you can buy or exchange cryptocurrency. This service is convenient for many users of the cryptosphere. It increases the adoption of cryptocurrencies globally.
ATM users admit that this is a great way to quickly send cash abroad. No need to interact with banks, all transactions are anonymous. The commissions are minimal. So, the potential of non-bank accounts is constantly growing.