Recently it was reported that the number of Bitcoin ATMs worldwide was about to reach a milestone of 4,000. Based on a recent report, the number has not only been reached, but has passed the said mark.
4,060 Bitcoin ATMs Worldwide
Based on statistics from Coinatmradar, it has been revealed that the number of Bitcoin ATMs worldwide is now 4,060. The latest statistics are coming just a few weeks after the entire crypto community was anticipating a 4,000 milestone for BTC ATMs installed all over the world. Since the previous report came to light, the market has gone further down quite a lot and lost more than 50 percent of its value. Despite this drastic drop in price, the number of BTC ATMs installed across the globe is on the rise. This is a clear indication that even though the prices of bitcoin and other cryptos are tumbling, adoption is not stopping.
North America is Still Leading
As expected North America still maintaining its number one in terms of the total number of Bitcoin ATM installation. According to the statistics, “North America controls about 71.2% of the Bitcoin ATM market, with a total of 2,888 BTC ATM installed. Europe, at the number two spot but far behind, has23.7% with a total number of 961 Bitcoin ATMs. Africa is still far behind with 0.2%.”
The U.S has about 2,240 Bitcoin ATMs, followed by Canada which has about 619 Bitcoin ATMs installed all over the country. Going by this new numbers, it is clear the number of Bitcoin ATMs in these two regions has increased since. Previously, Canada has 600 Bitcoin ATMs installed in the country. However, some countries like Zimbabwe, Guatemala, Armenia, and Iceland still maintain their figures of one BTC ATM each.
The report still puts Genesis Coin as the number one bitcoin ATM manufacturer in the world, with a market share of 31.6%. This is followed by General Bytes will a market share of 30.2%