In 2019, the number of cryptocurrency ATMs increased by 50%

The exchange of cryptocurrency for fiat money is an extremely popular service, but so far it is quite poorly developed.Things are even worse with the purchase and sale of bitcoins right on the street, but the pace of development of such services tells us that in the near future, bitcoin ATMs will be everywhere.

The number of bitcoin ATMs is growing rapidly

Coin ATM Radar analytic resource constantlykeeps track of the number of active bitcoin ATMs. According to current data, the number of such ATMs increased by 1.900 per year. Thus, worldwide growth in annual growth was 50%.

At the moment, the number of such ATMs has reached a beautiful mark of 5,777.It is noteworthy that there is already strong competition in this market.To the following companies:

• CoinCloud — 374 pcs;
• CoinFlip — 348 pcs;
• Bitcoin Depot — 312 pcs.

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Most Bitcoin ATMs are concentrated inUSA (3.729 pcs, or 64.5%). All of Europe accounts for only 19.7% of the total share. Nevertheless, the speed of distribution of such ATMs is simply colossal, and this indicates the rapid development of the cryptocurrency industry.

As of January 1, 2018, there were 3,171 ATMs in the world, exactly a year later - 4,115.If you look at the earlier data, the progress becomes even more noticeable: on January 1, 2017, there were only 964 of them, and 5 yearsBack there was only one ATM.

Thus, bitcoin actively penetratesdirectly to the streets, where anyone can buy or sell cryptocurrency on the go. Such an opportunity makes the use of digital currencies much more flexible and convenient for people, and this will definitely benefit the industry.

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