The installation of cryptocurrency ATMs worldwide has grown by over 70% to 24,030 in 2021. This year, 10,037 new ATMs have been set up, and data indicates that about 52.3 ATMs are installed daily. The number of ATMs grew to 13,993 in a 119.56% increase last year after 7,620 new machines were installed.
About 75 sovereign nations currently have access to crypto ATMs which are powered by 42 producers. Data from Coin ATM Radar suggests that General Bytes controls 24% of the market while Genesis Coin controls 40.9%. Other sellers like BitAccess, Bitstop, and Coinsource share the remaining 35% of the market.
According to a report from the last seven days, the United States is currently ahead of other countries as they install about 48 ATMs daily. A report from earlier this year recorded that in just one year, the number of crypto ATMs installed in the U.S. increased by 177% to 16,835.
Bitcoin Depot, one of the biggest dealers of the Bitcoin ATM network, recently disclosed plans of a partnership with Circle K. This partnership is to aid the installation of crypto ATMs all over Canada and the U.S., and they have successfully installed over 700 BTC ATMs. Bitcoin Depot gives users in the U.S. and Canada access to more than 30 different types of crypto through their ATMs. Examples include Ether (ETH), Litecoin (LTC), and Bitcoin (BTC).
Image Credits: Pixabay
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