In march 2020, a milestone was achieved when news came out that Bitcoin had successfully installed more than 7,000 Bitcoin ATM’s worldwide. It seems that the previous figure does not hold that much relevance anymore since only 3 months later, the number has grown by a 1000. At the time of writing, there are currently 8,208 crypto ATM’s in the world allowing individuals to buy and sells bitcoins and altcoins for cash. What is even more surprising is that 6,000 of these ATM’s are in the United States alone; CoinATMradar reports. Users can now trade in a number of currencies at the ATM’s such as Bitcoin, Litecoin, Dogecoin, Ether, Tether, Zcash and more.
We have all seen the Bitcoin ATM meme that bitcoin.com posted about someone trying to steal it and get the coins out. Even when some users don’t fully know how it works, there is no denying that it is growing at a tremendous rate and we might be seeing a full-scale lifestyle change very soon starting from the US. Reports indicate that the number of ATM’s have grown more than 17% since March but this is not the case for some countries in Europe. Countries namely Austria, UK and Switzerland are stated to have a lesser number of ATM’s than before which leads the question, is it not as popular in European countries? Spain however stays the same with 71.
Being dubbed at BTM’s (Bitcoin ATM’s), we can say that individuals in the USA certainly are moving towards this new trend but will it become a global theme especially since Bitcoins cannot be regulated by the central authority? What do you think on this? Give us your feedback and opinion and do tell us if you have ever used a BTM before.