The number of Bitcoin-ATM units installed worldwide has exceeded 6000

The number of Bitcoin-ATM units installed worldwide has exceeded 6000

November 17, 2019 by
The number of Bitcoin ATMs installed worldwide continues to increase and has recently reached a new record level. According to CoinATMRadar, there are currently 6004 such machines, more than 65% of which are located in the United States.

In November alone, 108 new Bitcoin-ATMs appeared on the CoinATMRadar card, and an average of 11 new machines are installed daily, the fastest growth rate this year.

Out of the total number of cryptocurrency ATMs, 3924 are located in the U.S. and 653 in Canada. The third and fourth places in the list are occupied by Great Britain (272) and Austria (189), the fifth place is occupied by Spain – 86 cars. Russia is in 9th place (62 ATMs), Ukraine, with 19 Bitcoin-ATMs in 20th place.

Europe as a whole accounts for 20% of all installed Bitcoin-ATM, but in Asia, despite the great popularity of cryptocurrencies in the region, they account for only 2% of the total.

Overall, since June, the number of installed Bitcoin-ATMs has increased by almost one thousand. It should also be noted that out of the cars marked on the CoinATMRadar card slightly more than 35% are two-way, i.e. not only purchase, but also sale of cryptocurrency allows. The other two thirds only allow buying Bitcoin.

Despite the rapid growth of this market, not everyone likes Bitcoin ATMs. Earlier this week, the U.S. Revenue Service (IRS) reported that it was investigating with law enforcement agencies the possible use of Bitcoin ATMs for tax evasion and money laundering.

According to IRS, ATM users must undergo identity verification before they can buy cryptocurrency.

Earlier this year, Vancouver Mayor Kennedy Stewart supported the local police, who called the cryptocurrency terminals “an ideal tool for money laundering,” suggesting that they should be completely banned from installation and operation in this third largest city in Canada.

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