The number of cryptocurrency ATMs in Australia has reached new heights in the past four months. Thus, the country overtook El Salvador, where the bitcoins (BTC) it is legal tender. In addition, two other countries surpassed El Salvador, namely Spain and Poland.
According to Coinatmradar.com, the top three countries by number of installed cryptocurrency ATMs are United States, Canada and Spain, with 33,950, 2,649 and 273 wickets respectively. The difference in figures between these countries is considerable.
Australia is in fourth place, with 0.6% of the total number of cryptocurrency distributors worldwide. This represents 225 machines. Most are located in Melbourne (65), Sydney (48) and Brisbane (33).
Then the mainland is followed by Poland and its 222 locations. The vast majority of machines, 67, have been installed in the country’s capital, Warsaw, while Krakow takes second place with 42 vending machines.
El Salvador is currently in 6th place with 212 wickets machines listed. Most of the distributors, 28, are based in San Salvador, the country’s capital, followed by 25 distributors in Santa Tecla. The others are scattered throughout the country.
Bitcoin has become the legal standard in El Salvador in September 2021, but this decision has been heavily criticized. Since then, cryptocurrency skeptics and opponents both at home and abroad have strongly criticized the move.
Also in 2021, the government has decided to install around 200 vending machines to do so promote the adoption of bitcoin. Thus, the country has reached the third place in the world in the number of these machines, behind the United States and Canada. Since then, however, Spain, Australia and Poland have surpassed it.
Also, in August last year, it was reported that country’s bitcoin ATMs were ’empty’ less than a year after their launch.
Switzerland is the next country on the list after El Salvador. It occupies the 7th place, relatively distant, with 155 vending machines installed in the country.
Australia in particular has seen significant growth in the number of these vending machines. and has experienced a real boom in less than a year and a half. In the first few days of this year, 49 ATMs were installed. As of December 2022, 33 have been added to the total number of ATMs in the country, on top of 31 in November and 35 in October.
Over the past four months, the number of ATMs installed was the highest in the country’s history. Furthermore, it was four consecutive months, as the graph below clearly shows. In just four months, 148 ATMs were installed. This is 64 machines less than the total number of machines installed in El Salvador.
On the few 38,611 cryptocurrency ATMs installed worldwide, 94.4% are located in North America. According to this website, 86.9% of them are in the United States and 6.6% in Canada.
Europe hosts 3,9% of all cryptocurrency ATMs, while Asia is home to 0.8%. Oceania is at 0.6%, South America at 0.3% and Africa at 0.1%.
Spain is the “Crypto ATM Capital of Europe”. It has 0.6% machines, followed by Poland, Romania and Switzerland, with 0.4% machines each. The leaders in South America are Colombia and Brazil, with 0.1% of distributors each.
In Africa, South Africa is in first place, with 19 machines, or less than 0.1%. Followed by the United Arab Emirates, which has three distributors, and Nigeria, which has two.
According to the coinatmradar.com website, there are 92 fewer ATMs in the world since then January 1, 2023. Despite this, in the last two years and more particularly since the beginning of 2021 there has been a sharp increase in the adoption of this type of ATM.
According to this same website, top 10 countries operate 26,177 cryptocurrency ATMs, or 67.8%. The other 589 countries operate 12,434 cryptocurrency ATMs, or 32.2%.
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