Bitcoin ATMs Continue to Spread Across the Globe

Also read: Why Colombia Has Become a Hotspot for Bitcoin ATMs
The US and Europe
According to data from Coinatmradar.com, the U.S. has the highest number of crypto ATMs, with 2,493 – or 55.9 percent – of the world’s BATMs. 45 out of 50 states have at least one cryptocurrency ATM, with California leading with 475, followed by Illinois with 252. Chicago alone holds around 226. Other states with high numbers of ATMs include New York, with 131, and Georgia, which has 121 of the machines in its capital Atlanta. North America as a whole, including Canada, has 71.7 percent, or 2,981 of the world’s crypto ATMs.

Growth in Latin America and Elsewhere
One region which has seen particularly strong growth has been Latin America, which now holds over 1.7 percent of the world’s crypto ATMS – a high number considering many are based in developing countries. Colombia has the highest number in the region, with 26. The number in the Andean nation has shot up in the past year as companies aggressively expand to provide for Venezuelan migrants living in Colombia who deal in crypto and send it home to loved ones in their crisis-stricken neighboring country. Elsewhere in Latin America, Argentina holds eight ATMs, Peru has one, while in Central America, Costa Rica’s capital has one ATM as does Guatemala’s. Mexico, on the other hand, is also seeing rapid expansion, with 11 ATMs.
No Signs of Slowing Down
According to the data from Coinatmradar.com, around six crypto ATMs are being installed every day. Genesis Coin is the largest manufacturer, with 1,326 dotted around the world. It is closely followed by General Bytes, with 1,250 and then Lamassu, which has 435. The majority of the world’s machines are one-way devices – meaning they can only be used to buy cryptocurrencies – though ATMs that allow users to sell are on the rise, too. Most of these devices support BTC, BCH, litecoin (LTC), and ethereum (ETH). With such fast growth through 2018, despite the market crash, it looks like global BATM numbers will continue to rise through 2019. What do you think about the surge in popularity of cryptocurrency ATMs? Let us know what you think in the comments section below.Images via Shutterstock, and Coinatmradar.com
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