Total Bitcoin ATMs in the World Reached 5,000

bitcoin atm

BTMs, seen as proof of Bitcoin adoption, continue to spread around the World.

The total number of Bitcoin ATMs in the world has reached 5,000 for the first time. CoinATMRadar confirmed this figure on 24 June.

Total Digits: 5,006

According to the latest statistics, cryptographic currency users have 5,006 independent Bitcoin ATMs, namely BTMs, in 920 countries where they can buy or sell Bitcoin (BTC). Some of these machines can offer both buying and selling services at the same time.

The data show that there has been steady growth in the Bitcoin ATM sector for a long time. According to the statements made in different places and different formats, America is leading this sector.

In addition, 6 Bitcoin ATMs were installed every day in June. In other words, approximately 150 new Bitcoin ATMs were introduced in the last month.

Genesis Coin, which also owns most of the Bitcoin ATMs in the world, was recently purchased by General Bytes.

Different Methods

According to Cointelegraph, there are other ways to buy and sell Bitcoin ATMs.

Earlier this year, we signed an agreement between Coinme and Coinstar, the first licensed Bitcoin ATM operator in the US, to trade Bitcoin at over 2,000 locations in the US. Thanks to the two companies’ move, Bitcoin ’even foreigners will encounter Bitcoin at many points. Therefore, this situation is expected to have positive results in terms of adoption.

The US, on the other hand, now has 3,229 and more than half of the world’s BTMs.

In addition, the increasing number of BTM providers naturally leads to increased competition. This is reflected in the reduction of transaction fees to users.

Circle CEO: “Crypto Coins Will Continue to Grow”

Allaire believes that although stablecoins continue to increase in the market, the growth of Bitcoin cannot be prevented.

According to Jeremy Allaire, founder and CEO of the payment systems company Circle, crypto currencies like Bitcoin will continue to grow, even if Facebook’s crypto currency project Libra and other stablecoin projects are on the rise.

According to Cointelegraph, Allaire said during an interview with CNBC’s Squawk Box program on June 24th that the landscape that appears in the crypto money market will not change in the direction of “the winner gets everything”. However, cryptocurrencies with different degrees of independence and regulatory rates will increase the rate of use among individuals and investors.

Stablecoin vs Bitcoin

Allaire states that there is a difference between crypto coins such as Libra and dollar coin USDcoin, which are released by companies, and crypto coins like Bitcoin, which are not dominated by anyone.

Individuals and institutions will have accounts where they can hold and deal with these different entities. So the winner will not be a model that takes them all.”

John Brock

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