By Hassan Mehmood (Saudi Arabia)
As crypto adoption gears up, the numbers of crypto ATMs are also surging at an exponential rate. According to given data, there are now 11665 ATMs which are functional throughout the world, including the United States.
23 ATMs a Day
As per the figures of Coin ATM Radar, one crypto ATM has been deploying every one hour, and 23 new ATMs normally go functional in a day. Since the beginning of 2020, crypto ATMs’ deployment has increased by 80%, which is three times the figure witnessed at the start of 2019.
Coin ATM Radar’s data unveils this year has witnessed a total of 6372 crypto ATMs. With every hour, the figure is growing as crypto adoption is surging across the world. But the United States is the leading region where the deployment is highest. Since the start of 2020, the figure has jumped from 4213 to 9242, which are available in small as well as big shopping malls.
The US has the Largest Numbers of Machines
Out of a total of 11665, 79.2% crypto ATMs are deployed in the US. After the United States, Canada comes at the second number with 880 ATMs (7.5%). In the European region the United Kingdom is the leading country with 268 ATMs, while in the Asian region, Hong Kong is the only country with 62 Bitcoin ATMs. Colombia is the next emerging region with a total of 40 such crypto ATMs. There are only 6 crypto ATMs in South Africa.
Also read:The numbers of manufacturers are also increasing amid crypto adoption, but three producers are at the top of the list. San Francisco-based Genesis Coin is the leading manufacturer that has produced 4189 crypto ATMs so far. General Bytes and BitAccess come at the second and third numbers with 3442 and 1136 ATMs, respectively. There are few other manufacturers, such as Coinsource, Lamassu, LightningXchange, and Bitstop, which have a significant share in the industry. The new players are entering because they know the potential and innovative features of the crypto industry. This shows that big tech giants are now aware of the crypto potential.
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