There are currently over 5,000 Bitcoin ATMs around the world

There are currently over 5,000 Bitcoin ATMs around the world


The total number of Bitcoin ATMs (BTMs) worldwide has reached 5,000 for the first time, CoinATMRadar confirmed on June 24.
At last count, there are now 5,006 independent BTMs in about 90 countries where cryptocurrency users can buy and sell Bitcoin (BTC). Some machines offer both services simultaneously.
The emergence of more and more locations and formats limits the long-term growth of the BTM industry.
There were 150 installations in June, or about 6 per day. General Bytes recently surpassed Genesis Coin as the manufacturer with the most installed BTMs.
It’s not just the “classic” BTM model that is expanding in 2019, but other methods of procuring BTC. A deal with coin-tagging operator Coinstar earlier this year brought Bitcoin functionality to over 2,200 locations across the United States.
The U.S. currently has more than half of the world’s BTMs, at 3,229, and a new pilot program this month is bringing the machines to Circle K convenience stores in Arizona and Nevada.
“We are excited to be working with such a respected organization like Circle K,” said Marc Grens, president and co-founder of cryptocurrency provider DigitalMint.

“This partnership opens the door to massively expand access to Bitcoin into new markets around the world.”

Increased competition in the BTM market could reduce the fees charged to users, which are often significantly higher than online alternatives.
Other options, such as purchasing vouchers, are also becoming increasingly popular with users, who are keen to avoid cumbersome KYC requirements.
Source: Cointelegraph

<<:  Abkhazia drafts bill on crypto mining

>>:  Morning market: Cryptocurrency market is weak, Bitcoin fluctuates slightly

Recommend

The effect of face reading and earlobes

The effect of face reading and earlobes The ears ...

If they knew about Bitcoin first, there would be no Alibaba!

Author: Huang I often hang out in the Internet fi...

DEFI Convoy: The Importance of Oracles

Before exploring some emerging solutions, I will ...

What kind of mouth shape represents wealth?

What kind of mouth shape represents wealth? 1. Th...

A prosperous and noble match for husband and wife

Many friends ask teacher Hongxiang whether their ...

Tesla sold 75% of its Bitcoin holdings worth $936 million in the second quarter

Electric car maker Tesla sold $936 million worth ...

How to interpret marriage status from palmistry

The state of marriage is something that everyone ...

What does a woman look like to bring good luck to her husband?

If some women have a face that will bring good lu...

When faced with suspicion, he will prove his appearance with strength.

Faced with suspicion, most people's reaction ...

Norwegian man brutally murdered after Bitcoin transaction

Translator: Sally from the CoinPlayer A Norwegian...

Bitcoin News of the Week: Mt Gox and Dark Web Markets

Despite some high-profile developments in the Bit...