In 2013, a company called Robocoin placed a machine in a coffee shop in Vancouver, and a Bitcoin ATM machine appeared for the first time in the world. Users can exchange bitcoin for cash or exchange bitcoin for cash. The bitcoin transaction volume of this machine reached $10,000 on the first day.
According to CoinATMRadar’s data, there is still one month away from the end of 2020. There are an estimated 11,665 ATMs around the world that allow customers to buy and sell Bitcoin and other altcoins with cash.
This reflects the significant increase in the number of encrypted ATM machines compared with last year. By the end of 2019, the number of encrypted ATM machines is estimated to be 6,372; now, as we are about to bid farewell to 2020, the number of encrypted ATM machines has increased by nearly 80%.
CoinATMRadar also pointed out that the number of encrypted ATM machines is increasing, with an average increase of 23 per day, that is, one new ATM machine is added almost every hour.
The United States is the country with the fastest spread of encrypted ATM machines in the world, and the United States has the largest number of encrypted ATM machines. The number of encrypted ATMs in the United States has increased from 4,213 in 2019 to 9,242 in 2020, an increase of more than 50%. Currently, the United States accounts for approximately 79.2% of the total number of encrypted ATM machines in the world.
In the United States, the distribution of encrypted ATM machines is becoming more and more diversified, covering small shops, shopping malls, transportation hubs and even Tesla Gigafactories.
Canada ranks second with 880 ATMs; third is the United Kingdom with 268 ATMs; fourth is Hong Kong with 62 ATMs; fifth is Columbia with 59 ATMs. Recently, Colombia has The establishment of encrypted ATM machines showed great interest.
As for Africa, South Africa has 6 ATM machines, occupying the leading position of the African continent, but it should be careful because Nigeria, the largest economy on the African continent, has shown increasing interest in ATM machines in the past year.
Among companies that manufacture encrypted ATM machines, San Francisco-based Genesis Coin ranks first in the world. This company has established 4,000 encrypted ATM machines around the world, followed by General Bytes, with 3442 ATM machines.
The substantial increase in the number of encrypted ATMs in 2020 shows that retail buyers and financial institutions (including financial giant Paypal) are increasingly interested in encrypted ATMs.
