Data: The number of crypto ATMs worldwide increased significantly in 2020

The world's first Bitcoin ATM appeared in 2013 when a company called Robocoin placed a machine in a Vancouver coffee shop. Users could exchange Bitcoin for cash or exchange Bitcoin for cash, and the machine handled $10,000 in Bitcoin transactions on its first day.

With a month left until the end of 2020, there are an estimated 11,665 ATMs around the world that allow customers to buy and sell Bitcoin and other altcoins with cash, according to CoinATMRadar.

This reflects a significant increase in the number of crypto ATMs compared to last year. At the end of 2019, the number of crypto ATMs was estimated to be 6,372; now, as we say goodbye to 2020, the number of crypto ATMs has increased by nearly 80%.

CoinATMRadar also pointed out that the number of crypto ATMs is increasing, with an average of 23 new ATMs added every day, or almost one new ATM every hour.

The United States is the country with the fastest spread of crypto ATMs in the world, and the United States has the largest number of crypto ATMs. The number of crypto ATMs in the United States increased from 4,213 in 2019 to 9,242 in 2020, an increase of more than 50%. Currently, the United States accounts for about 79.2% of the total number of crypto ATMs in the world.

In the United States, the distribution of crypto ATMs is becoming more and more diverse, covering small stores, shopping malls, transportation hubs and even Tesla Gigafactories.

Canada ranks second with 880 ATMs; the third is the United Kingdom, with 268 ATMs; the fourth is Hong Kong, with 62 ATMs; the fifth is Colombia, with 59 ATMs. Colombia has recently shown great interest in setting up crypto ATMs.

As for Africa, South Africa leads the continent with six ATMs, but it should be careful as Nigeria, the continent’s largest economy, has shown a growing interest in ATMs over the past year.

Among the companies that manufacture crypto ATMs, San Francisco-based Genesis Coin ranks first globally, having built 4,000 crypto ATMs worldwide, followed by General Bytes with 3,442 ATMs.

The significant growth in the number of crypto ATMs in 2020 indicates a growing interest in crypto ATMs from both retail buyers and financial institutions, including financial giant Paypal.

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