Re: The number of Bitcoin and other crypto ATMs has kept increasing this year.
There was a notable decline in Bitcoin or crypto ATMs, with the worldwide count falling from 39,541 to 32,471 by July 2023. But it seems the tide is changing and there has been an increase in the establishment of more crypto ATMs. Currently, there are 38,279 crypto ATMs, indicating that 5,808 machines have been added over the past 11 months.
Just this year about 2,564 cryptocurrency ATMs have been installed which is above the 2,861 machines removed last year. Bitcoin Depot, Coinflip, and Athena Bitcoin are the major ATM operators and Australia seems to be the country with the fastest growth in Bitcoin installation. Other countries such as Spain, Poland, El Salvador, Poland, Germany, and Hong Kong are also experiencing an increase in Bitcoin installations.
Bitcoin ATM might have its shortcomings but its spread is showing that Bitcoin adoption is growing even in the face of stringent government policies.
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Speaking of adoption then this is something that would really be that increasing as years passing by specially now that we are heading into the bull run then it would be understandable on why there would really be those numbers increasing on which this isnt really just that limited on ATM's alone but also in other aspect as well. People who do have that experienced those other cycles or run in the past on which hype is really that on the rooftop or lets say that euphoria is on then everything would really be that looking increasing. This is why its not really that shocking that everything would really be that looking positive.Just this year about 2,564 cryptocurrency ATMs have been installed which is above the 2,861 machines removed last year. Bitcoin Depot, Coinflip, and Athena Bitcoin are the major ATM operators and Australia seems to be the country with the fastest growth in Bitcoin installation. Other countries such as Spain, Poland, El Salvador, Poland, Germany, and Hong Kong are also experiencing an increase in Bitcoin installations.
Bitcoin ATM might have its shortcomings but its spread is showing that Bitcoin adoption is growing even in the face of stringent government policies.
Source
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Also, if these ATM's are increasing in number then its a good news for us specially to those who do make use of those machines on buying up coins.
Somehow, if we do speak about into those fees which these ATM's are really that having then i would really be rather preferring on using up on p2p on exchanges.
