Bitcoin ATMs in the world have Quadrupled Since January 2020

Bitcoin ATMs in the world have Quadrupled Since January 2020

Bitcoin ATMs keep growing around the world. Find out all the details in this article. You won't regret it! Read on for more details.

Bitcoin ATMs keep growing around the world. Find out all the details in this article. You won't regret it! Read on for more details.

The total number of ATMs installed has already quadrupled since January 2020, according to ATM Rider. Currently, 27,823 installed Bitcoin ATMs were reported, which doubles the 13,996 registered for the first of January of this year.

The total number of ATMs installed has already quadrupled since January 2020

In this way, the growth of Bitcoin ATMs has been 183% in the last 12 months. This allows us to assume that the current year will close with a percentage higher than 100%. In fact, if we estimate the figures for Bitcoin ATMs for the fourth quarter, applying an average monthly growth of the last months (8%), the estimate of ATMs for the end of 2021 would be 38,870 installed Bitcoin ATMs. This would represent a growth of 177% for this year, while 2020 grew 119% compared to 2019, in ATMs installed on a global scale.

The United States leads the number of ATMs installed with 24,428 of the 27,823 Bitcoin ATMs installed in the world. The second place corresponds to Canada with 1,921 Bitcoin ATMs and the third place in the world corresponds to El Salvador, with 205 ATMs.

The United States leads the number of ATMs installed with 24,428 of the 27,823 Bitcoin ATMs installed in the world.

Only 12 countries in Latin America have Bitcoin ATMs installed in their territory. El Salvador, by approving Bitcoin as legal tender, gave a boost to the installation of ATMs in that country. Of 341 ATMs present in Latin American countries, El Salvador represents 60% of the total equipment installed in the region. Colombia is in second place with 50 ATMs, followed by Brazil (21), Panama (17) and the Dominican Republic (15).

Argentina and Mexico have 12 and 11 ATMs respectively and complete 97% of the devices in the region. Chile (3), Peru (3), Costa Rica (2), Venezuela (1) and Ecuador (1) accumulate 3% of Bitcoin ATMs. Uruguay, Paraguay, Honduras, Bolivia and Guatemala are not yet registered.

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