Bitcoin ATM Count Grows by 500% in Three Years | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The Bitcoin ATM scene continues to see impressive growth figures pointing to increasing demand and profitability of the business. Bitcoin mapping platform “bitrawr” says there has been a six-fold increase in the total global crypto ATM count since September 2019. Meanwhile, regulators are beginning to shine the spotlight on crypto kiosks over fears of money laundering and other illicit financial activities.
More than 5,500 Bitcoin ATMs Installed Worldwide
Data from CoinATMRadar shows that there are more than 5,500 Bitcoin ATMs around the world. Tweeting on Thursday (September 19, 2019), bitrawr revealed that the number of Bitcoin ATMs installed across the globe since September 2016 has increased by 500 percent.
For bitrawr, this massive growth points to the increasing demand for crypto kiosks around the world as a way of buying digital currencies. Back in late June 2019, BTCManager reported that the global Bitcoin ATM count had surpassed the 5,000 milestone.
This growth in the industry is one that is spreading to several countries outside of North America and Europe. Earlier in September, peer to peer (P2P) bitcoin trading platform Paxful and CoinLogiq — a global remittance startup, were looking to install 20 new Bitcoin ATMs in Colombia.
North America and Europe still dominate the crypto ATM scene according to figures from CoinATMRadar. The United States and Canada have over 3,400 and 630 Bitcoin ATMs respectively.
Despite the significant growth in the global crypto ATM count,