Which country has the largest number of cryptocurrency ATMs?
Hello dear readers, returning to the topic of cryptocurrencies and the progress they have shown in recent years in terms of the installation of cryptocurrency ATMs, today we will talk a little about the countries that dominate this line within the crypto market.
In this sense it is important to highlight that Australia surpasses El Salvador and becomes the fourth largest cryptocurrency ATM center, El Salvador's position as the fourth largest cryptocurrency ATM center was short-lived, as Australia stepped up its game in the following months.
El Salvador, the first country to legalize Bitcoin, has lost another spot in total cryptocurrency ATM installations, as Australia registers 216 ATMs in 2023. As part of El Salvador's push to establish Bitcoin as legal tender.
President Nayib Bukele had decided to install more than 200 cryptocurrency ATMs across the country. While this move made El Salvador the third largest cryptocurrency ATM hub at the time after the United States and Canada in September 2021, Spain and Australia surpassed the Central American country's ATM count in 2022.
In October 2022, Cointelegraph reported that Spain became the third largest cryptocurrency ATM hub after installing 215 cryptocurrency ATMs. However, Spain continued its installation momentum and is home to 226 cryptocurrency ATMs at the time of writing.
El Salvador's position as the fourth largest cryptocurrency ATM hub was short-lived, as Australia stepped up its game in the following months. In the last three months of 2022, Australia deployed 99 cryptocurrency ATMs, CoinATMRadar data confirms. As of January 1, 2023, Australia recorded 219 active cryptocurrency ATMs, outpacing El Salvador by 7 ATMs at the time of writing.
SOURCES CONSULTED
Cointelegraph Australia overtakes El Salvador to become 4th largest crypto ATM hub. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image background: Cointelegraph
It is good to know that more and more countries are adopting cryptocurrency as mode of transaction.
Wow lovely, it is a good information in order to encourage others country to support crypto currency in their country.
The mass adoption of crypto is taking steady steps all the time, even in a bear market. Great to see
Thanks for sharing :)
Hello dear @lupafilotaxia this information that you provide us, is an indicator of the expansion and trust that cryptocurrencies have gained in some countries, this will undoubtedly continue to expand in many territories.
So long, have a great week.
greetings @lupafilotaxia _
These are giant steps that these countries are applying in the revolution of the new world economy, I hope to see in my country soon these ATMs.
Thank you very much for sharing such an interesting publication,