Despite not being as popular as fiat currency ATMs, bitcoin ATMs are spreading around the world with the speed of light. They are becoming more popular as the cryptocurrency gains popularity as well. As of today, there are over 3.000 bitcoin ATMs installed around the world.
According to various ATM radars that track all the locations where you can find one, it shows that despite the many fluctuations in price, there is almost no impact on the pace that these ATMs are being installed. Data shows that most of these ATMs (about 1.800) support different altcoins such as litecoin and ether. These incredible statistics comes just after 17 months when the total number of bitcoin ATMs surpassed 1.000.
What is remarkable is that the largest concentration of ATMs globally is in North America with more than 2.500 ATMs installed which is basically more than 70% of the total number of ATMs around the world. Right after North America is Europe with far fewer installations where UK and Austria lead as the countries with the highest number of ATMs installed and just right after these two is the Czech Republic and finally Russia.
The most interesting part is that no matter the slurp in the price, manufacturers continue to install new bitcoin ATMs with an accelerating pace. Also, manufacturers are trying new options for consumers where users can now buy and sell cryptocurrencies via one machine only. This will bring to many more new ATMs being installed globally.
Scott Galloway Of UCLA Believes Crypto Will Get Worse In 2019
‘’VR and crypto go from bad to worse. AI fails to live up to the hype. 3D printing rises from the ashes. Smart cameras become a hot category.’’His assessment seems to be accurate but can the crypto market prove to be the odd one out? This can be so since many industries are really committed to the crypto sector. Companies such as Fidelity, ICE, and Nasdaq have funded at least five projects in the crypto space over the past year. Venture capitalist Jim Breyer even said:
“So many of the very best computer scientists and deep learning Ph.D. students and postdocs are working on blockchain because they have so much fundamental interest in what blockchain can mean. You don’t want to bet against the best and brightest in the world.’’
Pantera Capital CIO: “Bitcoin Will Not Succeed As Money”
"Bitcoin created the ability to send money around the globe cheaply and easily without having to trust a third party," Krug was confident.He also went on to discuss several revolutions in the past, from the information revolution triggered by printing press up to the telegram, telephone, radio, television and finally, the Internet. When asked about finance, Krug believes that the industry has made leaps of progress such as increases in execution speeds, online user interfaces, brokers etc. However, he stated that a financial revolution powered by the blockchain could advance us into a next era where money, value and finance will all be coordinated thanks to crypto.
"This infrastructure will be borderless, cheap, quick, and, most importantly, will let people trade on things they’ve never been able to exchange before, and if markets for those don’t exist yet, it’ll let them create it," Krug concluded.
Scottish Man Sentenced To Prison For Buying Firearms On The Dark Web With BTC
‘’You claim that you had no intention of causing harm to anyone but the fact remains that you went to considerable lengths to get hold of a potentially lethal weapon and ammunition. You must have appreciated that this was unlawful. For this conduct you must be punished.’’This case is only a number in the series of similar cases where bitcoin is used to carry out illegal activities on the dark web.
American Businessman Still Missing After $950,000 In BTC Ransom Paid
‘’Pavas and Hospital neighborhoods in San Jose – Criminal assault and homicides have been reported in these areas. Gang activity, such as territorial disputes and narcotics trafficking, has been reported in Pavas in the vicinity of the U.S. Embassy.’’There is also another case of kidnapping but in Norway where millionaire’s Tom Hagen wife was also kidnapped. The kidnappers demanded that the ransom should be paid on Monero and that the police must not be involved. However, the police did get involved and said to the public:
‘’Our goal is to find the woman alive and reunite her with her family. In serious crime cases, time is an important factor. We depend on tips that can help us come closer to finding Anne-Elisabeth.’’
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