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Number of bitcoin ATMs globally grows to nearly 34,000

written by Bella Palmer
bitcoin-atms

The number of bitcoin ATMs has grown from 14,000 at the start of 2021 to 34,000 towards the end of the year, a rise of nearly 20,000 bitcoin ATMs within 12 months

The number of bitcoin ATMs globally has increased by more than 100% over the past 12 months, according to the recent data from CoinATMRadar, which tracks the number of cryptocurrency ATMs in the world.

A bitcoin ATM is an Internet-connected kiosk that enables customers to buy bitcoins using fiat currencies. Users can also sell their bitcoins for fiat currencies using the bitcoin ATMs. The bitcoin ATMs are not the same as the regular automated teller machine (ATM) that allows bank customers to physically withdraw cash from their bank accounts. Instead, the bitcoin ATMs blockchain-based transactions that send the bitcoins to a user’s digital wallet, often via the use of a QR code.

At the start of 2021, there were around 14,000 bitcoin ATMs installed globally. The number has grown to 34,000 towards the end of 2021, a rise of nearly 20,000 bitcoin ATMs within 12 months.

The US has the highest number of bitcoin ATMs in the world, with 30,123 available in the country. Canada comes in at the second place, with 2,216 bitcoin ATMs installed in the country, while bitcoin-friendly El Salvador took third place with 205 bitcoin ATMs.

Bitcoin ATMs are available in virtually every continent in the world, including Europe, Asia, South America and Africa.

Meanwhile, bitcoin performed excellently over the weekend, surpassing the $50k level. However, the recovery didn’t last long as the leading cryptocurrency dropped below the $50k mark again yesterday. At one time, BTC was trading above $47k, with the technical indicators showing that the cryptocurrency is currently struggling.

It is trading below its 50-day moving average of $53,403. It has traded below that level for the past three weeks.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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