Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




We see more and more adoption in cryptocurrency ATMs each day
  • 2 Vote(s) - 3.5 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: Bitcoin-ATM.jpg?resize=1200%2C630&ssl=1]
Every day, almost five new cryptocurrency-focused ATMs are installed; offering customers the opportunity to buy cryptocurrency physically.

Automated teller machines (ATMs) dedicated to Bitcoin and cryptocurrency are increasing in number and has exceeded 4,000 ATMs worldwide.

According to data from Coin ATM Radar, there are 4,167 cryptocurrency ATMs worldwide at the time of writing. Breaking the number down into location, the top three countries are  the United States of America with 2,499 ATMs, Canada with 705 ATMs and Austria with 267 ATMs.


[Image: chart-7.jpeg?resize=640%2C427&ssl=1]

Coin ATM Radar’s gauge scale shows that 4,9 – almost five – new ATMs are being installed in various locations across the globe every day.
[Image: chart-8.jpeg?resize=640%2C427&ssl=1]

At present the top token for teller trading is Bitcoin – and 4,162 out of a total of 4,167 tellers offer the token. Other altcoins supported are Litecoin (which has 59.5% of the tellers offering support), Ethereum (which 49.3%), Bitcoin Cash (with 33.9%) and privacy focused Dash (with 17.9%).

According to Coin ATM Radar, the biggest producer of the tellers is Genesis Coin, which makes up 1,311 tellers. General Bytes is a close second manufacturer and has 1,239 tellers internationally and in third is Lamassu with only 434 tellers. Lamassu announced at the beginning of the year that it has relocated its operations to Switzerland in order to avoid regulatory issues. Co-founder Zach Harvey stated that the Swiss banks were both aware and happy with the business model of the cryptocurrency ATM:

“Just as we arrived in Switzerland we had a nice chat with a small bank in Canton Aargau and now we have a full account at a bank that is completely aware of our business model and happy to have us on board. In fact, you should expect to see one of our cryptomats in their headquarters early this year.”


source coininsider.com
by Rebbeca Leighton
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Cryptocurrency Exchanges Are Fighting to Escape Binance’s Shadow crytocure 0 18 8 hours ago
Last Post: crytocure
  Cryptocurrency tax software: What options are available? crytocure 0 33 Yesterday, 11:11 AM
Last Post: crytocure
  The Travel Rule: New Compliance Guidance For Cryptocurrency Exchanges crytocure 0 26 02-12-2019, 03:12 PM
Last Post: crytocure
  Will 2020 Bring a Profit to Cryptocurrency Miners? crytocure 0 39 02-12-2019, 09:10 AM
Last Post: crytocure
  Cryptocurrency crime tops $4.4bn in 2019 – CipherTrace crytocure 0 37 29-11-2019, 12:32 PM
Last Post: crytocure
  Cryptocurrency exchanges are becoming more expensive for investors crytocure 0 49 29-11-2019, 07:03 AM
Last Post: crytocure
  Cryptocurrency Analyst Expresses Doubt About Altcoin-Driven ‘Altseason’ crytocure 0 61 28-11-2019, 10:44 AM
Last Post: crytocure
  Cryptocurrency Trends Primed for Continued Growth in 2020 crytocure 0 42 27-11-2019, 03:20 PM
Last Post: crytocure
  Cryptocurrency Functions: Value Transfer, Governance, Dividends and More crytocure 0 62 21-11-2019, 03:05 PM
Last Post: crytocure
  Visualizing the New Cryptocurrency Economy crytocure 0 101 20-11-2019, 12:52 PM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)