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Bitcoin Bitcoin ATM

El Salvador to Launch 1,000 Bitcoin ATMs for Purchase and Sale of BTC

El Salvador is leading Bitcoin adoption in Central and South America, declaring it will launch 1,000 Bitcoin ATMs across the country for buying and selling BTC.

The 1,000 new Bitcoin ATMs will be installed by Athena Bitcoin, which has established a strong presence in the Bitcoin ATM market and currently operates across the US, Colombia, Argentina and El Salvador.

Ceremonial launch of Athena’s Bitcoin ATMs. Source: Athena Bitcoin

Earlier this month, El Salvador became the first country in the world to recognise Bitcoin as legal tender. President Nayib Bukele stating that his country is “adopting Bitcoin for the benefit of the people“. Bukele, who many see as a revolutionary, also announced plans for a volcano-powered Bitcoin mining facility.

The Rise of Crypto ATMs

Chainbytes, another crypto ATM company, is also keen to get in on the action. It recently announced that it wants to “make El Salvador the manufacturing hub of Bitcoin ATMs for all of the Americas”.

There are approximately 22,000 crypto ATMs operating in the world today. ATM installations have increased by over 10,000 in the past year alone. These numbers seem to be a reliable barometer for worldwide crypto adoption.

Source: Coin ATM Radar

In Australia, Bitcoin ATMs do exist but are very rare, and almost non-existent outside of the capital cities. But as worldwide crypto adoption surges forward, access to crypto ATMs in Australia should increase as well.

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Australia

Australia Records 21 Bitcoin ATMs as Global Installation Nears 13,000

Australia Record 21 Bitcoin ATMs as Global Installation Nears 13,000

Since the launch of the first set of Bitcoin Automated Teller Machine (ATM) seven years ago, the number of these machines installed around the world has been growing with every proceeding year. This somewhat corresponds to the growth and adoption of cryptocurrencies. According to the information by Coin ATM Radar, the number of Bitcoin ATMs is nearing a total of 13,000. Although the number has been steadily making new all-time highs (ATH), this year holds the biggest records ever. 

The majority of these machines were installed within this year, making access to digital currency like Bitcoin (BTC) even more convenient and easy. 

Global Bitcoin ATMs Installation Reaches New High 2020

According to Coin ATM Radar, there are currently 12,951 Bitcoin ATMs available around the world. Not only Bitcoin; these machines also make it easier for digital currency investors to purchase and sell other cryptocurrencies such as Ether (ETH), Bitcoin Cash (BCH), etc. Aside from exchanges, investors can choose to exchange fiat for crypto and vice versa using these machines with a similar experience as bank/fiat currency ATMs.

On January 1, there were only 6,374 Bitcoin ATMs existing worldwide. However, the number has increased significantly, adding up by 6,577 so far to the current record which is close to 13,000. This represents about 103 percent growth on a year-to-date chart. Judging by the year’s installation rate, the number of Bitcoin ATMs are most likely to surpass 13,000 before the end of the year.

Australia Sees 21 Bitcoin ATMs Installed

So far, there are currently 21 cryptocurrency ATMs in Australia. These machines are installed in only five cities in the country – Adelaide, Brisbane, Launceston, Melbourne, and Sydney. Melbourne sees the highest number of Bitcoin ATMs (10), followed by Sydney (7).  

Meanwhile, the United States and Canada are topping the list as the countries with the highest number of crypto ATM installations globally. The US records around 10,707, while Canada has 1,052 crypto ATMs.