This marks an astounding rise from 7,756 ATMs in May 2020, indicating that cryptocurrencies such as ETH, BTC, and BCH are swiftly going mainstream.
Demand for kiosks offering crypto-fiat exchange services has pushed service providers to scour locations that competitors haven’t reached.
The US is still the leading country in terms of crypto ATM installations.
Coinatmradar data shows that Canada’s Bitcoin ATMs increased from 718 to 1,362 in the same one-year period.
The Atlanta-based teller machine provider has now installed over 2,500 crypto ATMs worldwide, pointing to the increasing popularity of digital currencies.
Other crypto ATM users cite the need for anonymity, a lack of bank accounts, and the need to send remittances abroad quickly and cheaply.
AMONG OUR MAIN OBJECTIVES IS TO POPULARIZE THE USE OF CRYPTOCURRENCY, EXPLANATION WHAT CRYPTOCURRENCIES ARE AND HOW THEY PLAY THE ROLE OF PAYMENT INSTRUMENT AND MEANS FOR SAFE STORING AND EARNINGS, AS WELL AS PROVIDING THE NECESSARY KNOWLEDGE, EDUCATIONAL ARTICLES, INFORMATION ABOUT UPCOMING EVENTS AND CONFERENCES DEDICATED TO THE DEVELOPMENT OF CRYPTOCURRENCY.