Since its inception, bitcoin lovers have always predicted that it would become the next big thing in the global financial scene and that it is the currency of the future. A Decade since the white paper was released by Satoshi Nakamoto, bitcoin has continued to go from strength to strength as it is now accepted by hundreds of vendors around the globe, is seeing worldwide press attention and continues to firmly embed itself in both the public consciousness and also in the financial world. Far from a fad, it seems bitcoin truly is here to stay.
There is even more good news in this regard as according to CoinATMReader, an online resource, the number of bitcoin ATMs across the globe has officially surpassed 6,000 in number.
To the Moon
While this resource tracks the number of crypto ATMs being installed worldwide, it is clear that the installation patterns are not equal as according to the recent reports, 65 percent of bitcoin ATMs are located in the United States. In the last month alone, 108 bitcoin ATMs have been installed and apparently, an average of 11 are deployed on a daily basis which is a new record high.
Over 3/4 of bitcoin ATMs deployed are done in North America with 20 percent being in Europe and only 2 percent being deployed within Asia. In terms of countries, the top four are the United States with 3,924 ATMs, Canada with 653, and the United Kingdom and Austria with 272 and 189 respectively. Since June 2019, 1,000 bitcoin ATMs have been deployed worldwide which shows significant growth within the industry. Most bitcoin ATMs allow the buying of bitcoin but around 35 percent also involve the selling of bitcoin in exchange for cash.
One of the latest of this was the launch of a bitcoin ATM at the Miami airport which, according to Bigstop co-founder and chief strategy officer Doug Carillo, is it welcome development.
“More and more people prefer to travel with Bitcoin instead of cash for convenience and security. Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad,” Carillo said.