The Geography of BATMs: The World's Most Crypto-Friendly Countries
Bitcoin enjoys growing interest by the year. That's understandable, passive income with crypto sounds like perfectly good common sense (discover more here). We cherish the belief that digital assets' mass adoption is within our grasp. This is evidenced by the impressive increase in the number of bitcoin automated teller machines in the past 12 months. According to Coin ATM Radar, a service to find bitcoin ATM locations, the number of devices worldwide has increased from 7756 (May 2020) to 19452 (May 2021). What is more, BTMs have spread unevenly across countries and regions. What country turns out to be the most crypto-friendly? About this and much more you will learn from this article.
What Country Has the Largest Number of BATMs?
The United States dominates the global market to date: the total number of kiosks here is 18,259. The city of angels is an undoubted leader - 1205, followed by Chicago - 716, Houston - 698, Atlanta - 656, Dallas - 608.
Here's an interesting fact for you people: despite the pandemic, the use of cryptocurrency ATMs reached almost the highest level last spring. The reason for this is that many US residents received financial assistance from the state. They spent the money to buy virtual currency. By the way, if every citizen did the same thing, decentralized super-organism would set a new record price.
Canada steps on the toes of America with 1501 ATMs. Depending on the type of the device, crypto fans can buy and cash out from popular coins such as ETH, BCH, DASH, LTC, ZEC, XMR, DOGE, USDT, XRP to traditional fiat. Operations are carried out swiftly. As a rule of thumb, you don't have to provide any documents, i.e. transactions and deposits are anonymous.
The honorable third prize winner is the United Kingdom - 200 kiosks. We remind you that England is one of the most favorable and progressive jurisdictions for crypto business. The state openly supports startups associated with digital currencies.
Nevertheless, not all countries can boast of an increase in the number of BATMs. Austria is the most shining example. So as to back up this reaffirmation with supporting evidence, here are a few statistics from CoinATMRadar. The country experienced negative growth in the number of installations since 2019. At the moment, there are 159 BTMs based there, almost 100 devices less than in September 2019.
France, Japan, Venezuela, Indonesia, Latvia, Nigeria, South Korea are at the end of the list.
Final Words
An increasing trend in the number of Bitcoin ATMs is a really good sign. The more opportunities to buy virtual currency, the more people will eventually learn about it. Let's hope that Bitcoin machines will appear in every corner of our planet because digital gold has every chance to become the main reserve currency of the world in the near future (learn more here).
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