Post
Topic
Board Bitcoin Discussion
Re: The number of Bitcoin and other crypto ATMs has kept increasing this year.
by
Fiatless
on 01/07/2024, 19:52:04 UTC
Bitcoin ATM might have its shortcomings but its spread is showing that Bitcoin adoption is growing even in the face of stringent government policies.
The news article reports that the U.S has > 82% of BTC atm's worldwide, so i don't think there is that 'spread' that you are talking about. However, it is not a bad news, so..yeah. The government of countries where BTC ATM's operate do not have a problem it, as long as the BTC atm operators have been approved by the authorities to operate and set up their machines in the country.
The easiest way to check if Bitcoin ATMs are spreading to other parts of the world is to check the past data on the ownership of the machine globally. According to some reports as of two years ago about 87% of Bitcoin ATMs were located in the US. So you can agree with me that other countries are gradually occupying some chunk of the market. The adoption might not be fast but there is a significant change.

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