According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs has jumped 87% in 2020, from the 5336 recorded in September 2019. In 2020 alone, nearly 3,900 new bitcoin ATMs were added. Monitoring resource CoinATMRadar shows there are currently 10,014 ATMs in 71 countries allowing users to buy and sell the leading cryptocurrency bitcoin and altcoins for cash. “2020 has witnessed a surge in the number of ATMs supporting digital coins,” the report stated.
The United States leads the market with over 7,800 bitcoin ATMs.
3,885 new bitcoin ATMs were installed worldwide between January and September, a 67% increase in nine months. Currently, the United States leads the market worldwide by a significant margin, with more than 7,800 bitcoin ATMs. Canada comes in second with 869 machines. Depending on the machine, crypto holders can purchase and withdraw major cryptocurrencies, including Bitcoin Cash, Ether, Dash, Litecoin, Zcash, Monero, Dogecoin, Tether, and XRP. However, adoption isn’t growing everywhere. CoinATMRadar’s data shows that Austria was one of the few countries to experience negative installation growth since the last year. The European country currently has 149 BTMs, down from 244 in September 2019.
Crypto adoption increases worldwide amid the ongoing pandemic.
Cryptocurrency adoption has significantly increased this year amid the ongoing pandemic. As reported earlier, according to new research from the blockchain analytical company Chainalyisis, Ukraine beats Russia, China, and more in adoption metrics. The Index looks at three on-chain metrics, including the total value of on-chain crypto transactions weighted by purchasing power per capita (PPP), the value of on-chain retail transfers weighted by PPP, and the number of on-chain crypto deposits weighted by the number of internet users. The volume of trades made on peer-to-peer crypto exchanges has also increased significantly this year. African countries recorded a high trading volume on P2P crypto exchanges.