Crypto ATMs around the world have surpassed the 5000 range and most of them are installed in the United States. In the latest reports that we have in our altcoin news today, we can read about all of the places where crypto ATMs are popular.
Crypto ATMs are installed and connected to a crypto exchange through the internet so users can easily purchase Bitcoin and other cryptocurrencies with their debit cards or cash. There are more than 5000 of them as opposed to the 3 million traditional ones. The United States is the leader for installed Crypto atms. There is on average 6 new machines per day installed and a total of 3229 installations in the country. This means that the US as more than half of the active cryptocurrency atms around the world. Traders can make transactions of up to $20,000 per day using the machines but they have to be made in cash or wire transfer.
Canada on the other hand had its first crypto atm introduced in Vancouver. Back in 2013 in November was when this was installed but Canada has become the second-largest amount of crypto ATMs installed behind the US. Despite its increase, the environment has never been more hostile for these since the police started criticizing cryptocurrencies as being the leading floodgate for fraud. The mayor of Vancouver even introduced the option of banning them.
Britain has more than 249 functional Crypto ATMs and some of the first were even installed back in 2014. Though being a small amount compared to the United States, the amount is still significant. The ATMs are mostly present in London, Manchester, and Birmingham. Other cities have one or two crypto ATMs in them.
There are plenty of Crypto ATMs throughout Europe and there is also a reasonable amount existing in other parts of the world. For example, Austria has more than 267 ATMs installed in the country and half of them are in Vienna alone. Hong Kong has about 40 installations, 23 in Australia as well. Iran also got its first Bitcoin ATM recently.
As reported in the latest cryptocurrency news, despite the growth of Crypto ATMs around the world, we could expect many hurdles on the way which will mandate a work ground in order to establish viability or else the governments will oppose the growing numbers of the machines.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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