According to the recent report published by Norway-based financial services firm, AkseBloggen, the number of Bitcoin ATMs worldwide has now impressively passed the 10,000 units mark. The report notes that this year alone, about 3,900 new machines have been produced – making the worldwide Bitcoin ATM total number to roughly 10,014 units. That is an 87% surge compared to the previous year, wherein the total recorded number of units was only a meager 5,336. As of press time, these ATMs can be found in 71 different countries, allowing its citizens to transact BTCs or altcoins for actual cash.
Bitcoin ATMs are more than proving its claim as one of the most efficient and easiest ways to convert cash into Bitcoin and vice versa. Although each machine’s available services may vary from one another, Bitcoin ATMs, in general, most likely supports Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Litecoin (LTC), and Ethereum (ETH) transactions.
With all that being said, there is still no other nation taking the most advantage of such machines other than that of the United States. As per AkseBloggen, the US is still the leading market for Bitcoin ATMs worldwide by a staggering margin. The United States alone has more than 70% of the total Bitcoin ATM supply. Canada, the second place, has only 869 units.
Although there are still several concerns regarding the usage of crypto ATMs, such as the risks of money laundering and tax evasion, there is no denying that these recent developments are an undisputed milestone for the industry. And now that demand for it is rapidly elevating, we can clearly see that the world begs for more of it worldwide.