As the global crypto adoption is on a hike, crypto industries are putting up Bitcoin ATMs to ease the transaction accessibilities.
As per the information provided by Finbold, 686 Bitcoin ATMs were globally installed, let alone in the month of March. There has been a rise in the number of ATMs installed from 36,023 on March 1 to 36,709 by April 1.
Data provided by Coin ATM Radar shows that there are currently 36,733 crypto ATMs worldwide. As per the calculations, crypto firms added around 22 Bitcoin ATMs daily in March.
As per the statistics, the United States holds the most number of Bitcoin ATMs (32,458). Its followed by Canada (2427), Spain (225), El Salvador (204), Poland (182), and other countries.
The more expansive installation of Bitcoin ATMs hint at the rate at which it is increasingly being useful. It also demonstrates how quickly its gaining popularity and global acceptance.
What’s fueling the increased ATM installations?
Bitcoin’s value has surged dramatically as a result of global crypto acceptance. Institutional and ordinary investors who went on a BTC purchasing frenzy fueled this.
Bitcoin ATMs are particularly tempting to crypto investors who want to profit from the asset since they avoid the customary onerous Know Your Customer (KYC) processes on cryptocurrency trading platforms.
Furthermore, Bitcoin ATMs enable individuals to participate in the cryptocurrency industry. The industry is increasingly being viewed as a hedge against inflation and a store of wealth, particularly in light of the current economic situation, which has been exacerbated by the pandemic and record levels of inflation.
Last month an NFT ATM popped up in the streets of Manhattan, which made the people curious. The NFT ATM, created by the digital art collecting platform called the Neon, was the first of its kind in the world.
The entire motto of the ATM was to make NFTs and crypto accessible to even the common ordinary man.