In line with a recent official report by Norwegian financial services company AksjeBloggen, the total number of Bitcoin ATMs [BTMs] has increased 87% within the past year, from the 5336 recorded earlier in Sept last year. Following this year in 2020 alone, nearly 3,900 new ATMs were installed. Monitoring resource CoinATMRadar revealed that there are presently 10,014 ATMs installed in 71 different countries permitting users to purchase & sell Bitcoin [BTC] & altcoins for cash.
As per the AksjeBloggen report, “2020 has witnessed a surge within the number of ATMs supporting digital coins.”
“3,885 new BTMs were installed worldwide between January and September, which is a recorded 67% hike in 9-months.”
Presently, the U.S. leads the market globally by a big margin, with over 7,800 BTMs. Canada comes in 2nd place with 869 machines. Counting on the machine, cryptocurrency holders can buy and withdraw major cryptocurrencies along with Bitcoin Cash [BCH], Ethereum [ETH], Dash [DASH], Litecoin [LTC], Zcash [ZEC], Monero [XMR], Dogecoin [DOGE], Tether [USDT] & Ripple [XRP].
However, CoinATMRadar’s data also revealed that Austria’ was one of the few countries to experience negative installation growth since last year. The country presently has 149 BTMs, down from 244 in September last year.
The decrease might be associated with the regulatory atmosphere, with new regulations in neighbouring Germany, that has just 27 BTMs. Machine owners are now required to get a license from the country’s financial regulator, BaFin, to operate. German businesses might also be held responsible for unlicensed Bitcoin ATMs on their property no matter who owns them.