Number of Bitcoin ATMs Reaches 3,509 Machines in 2018
The number of Bitcoin ATMs worldwide is growing rapidly, according to data from Coin ATM Radar, on August 7, 2018 there are 3,509 Bitcoin ATMs in 74 countries around the world, which at the beginning of 2018 at 2,090 Bitcoin ATMs, in 2017 949 Bitcoin ATMs , in 2016 around 502 Bitcoin ATMs, in 2015 around 327 Bitcoin ATMs and in 2014 around 4 Bitcoin ATMs, with an average of 8 new Bitcoin ATMs installed every day.
As can be seen from this data, Bitcoin ATM is a new invention that existed in 2014, the company of the Bitcoin ATM is clearly profitable because the Bitcoin ATM company has installed many machines in various locations. The North American country won the ATM Bitcoin market with 74% of all Bitcoin ATMs and Europe in second place with 21%.
Bitcoin ATM on distribution is a Bitcoin that can be used directly, compared to Bitcoin as Coinbase which requires several days to complete the purchase or sale of Bitcoin. More importantly, Bitcoin ATMs provide a physical connection between Bitcoin and fiat money, which allows users to transfer Bitcoin into and out of fiat currencies in a convenient way. Bitcoin ATMs can be easily used to get the cash they need to pay rent and buy food.
ATM Bitcoin, the easier Bitcoin users, increase the volume of Bitcoin transactions and therefore the price of Bitcoin is getting higher. Bitcoin ATMs can turn Bitcoin into fiat currencies that can be used easily in real life.
Bitcoin ATMs often offer cryptocurrency other than Bitcoin. There are 1,738 ATMs that offer Litecoin, 1,121 ATMs that offer Ethereum, 814 ATMs that offer Bitcoin, 424 ATMs that offer Dash, 63 ATMs that offer Monero, 44 ATMs that offer Zcash, and 39 ATMs offering Dogecoin.