Bitcoin ATMs are growing exponentially with the rising people’s interest in the world of cryptocurrency.
Recently, Bitcoin ATMs has crossed 8000 in numbers, after beating the 7000 spots and risen approx. 17% since March, according to the data provided by CoinATMRadar– a displayer of Bitcoin & altcoins ATM Map.
As per the displayed information, the numbers of total cryptocurrency ATMs are now approx. 8,203 in 73 countries. Through these ATMs, people can buy, sell, and withdraw cryptos worldwide for cash, as per their convenience.
The ATM service providers apart from Bitcoin (BTC) are also accepting Bitcoin Cash (BCH), Lightning BTC (LBTC), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DOGE), Tether (USDT) and Ripple (XRP).
The conversion of Bitcoin (BTC) or altcoins to cash and vice versa is just becoming easy as the ATMs are quite simple to use.
“You just need to pick a wallet that you want to use and follow the steps on the machine.” Gordon and Faris from CoinCompass told CoinATMRadar in a Podcast in March 2020.
The United States Topping in Number for Bitcoin ATMs
The monitoring website data shows that the United States is covering most of the space in numbers. There are over 6000 BTC ATMs (BTMs) are operating in the U.S. alone.
However, the numbers in other countries like Spain are dull which is visible at a standpoint of 71. Since Jan 2020 to date, the numbers of Bitcoin ATMs have significantly decreased in Switzerland (82 to 78), U.K. (280 to 250), and Austria (178 to 151).
Though, the popularity of cryptocurrencies is on the surge. Amid Covid-19 pandemic, the businesses of cryptocurrencies are growing at a steady pace and attracting citizens towards the decentralization and decentralized money which has apparently come to replace the fiat currencies.
Moreover, due to the economic downturn, people are easily catching the fire of investing in crypto assets more than that of conventional financial assets.