ATM manufacturers have noticed the growing interest in cryptocurrencies, and have seized the opportunity to set up crypto-enabled ATMs.

According to the figures from the site Coin ATM Radar There is an 80% growth in the penetration of crypto-enabled ATMs in 2020.

Meaning almost 3 times the percentage announced at the beginning of 2019.

The spread of crypto-enabled ATMs around the world:

The world welcomed the year 2020 with 6,372 ATMs that support cryptocurrencies.

At the time of writing this article, the total number of these machines is 11,665 ATMs spread all over the world and the number is still increasing.

The figures and the chart above show that there has been a significant expansion in the spread and installation of crypto-enabled ATMs.

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Estimates from Coin ATM Radar are that a new ATM is running every hour.

To be precise, the number is 23 new ATMs per day.

The United States leads the way in terms of the number of newly deployed and installed devices.

Industry growth in this sector is almost exponential compared to Europe.

In 2020, Americans went from having 4,213 ATMs to 9,242 ATMs in various locations ranging from small malls to factories and Tesla showrooms for electric cars.

The USA has 79.2% of all Bitcoin ATMs deployed in the world, followed by Canada with 880 ATMs, which is 7.5% of the global total.

The United Kingdom is the European country with the largest number of ATMs, estimated at 268, while Hong Kong leads the Asian market by owning 62 ATMs that support Bitcoin.

Colombia is the undisputed leader in Latin America with 40 crypto-enabled ATMs, while South Africa leads its continent with 6 crypto-only ATMs.

Genesis Coin is the industry’s leading startup. The San Francisco-based company has deployed 4,189 ATMs worldwide and is the company with the fastest growth.

As for the second and third place, it belongs to the “General Bytes” company, which published 3,442 ATMs, and “BitAccess” which published 1,136 ATMs that support Bitcoin.

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Crypto market expansion:

Another sector showing signs of healthy growth is cryptocurrency trading.

According to data from Useful Tulips, cryptocurrency trading activity is recovering after the terrible consequences of the March crash.

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North America, Latin America and Africa recorded spikes in trading activity, breaking annual records along the way.

The increasing number of cryptocurrency ATMs shows that the adoption of cryptocurrencies is increasing every day.

As new products and crypto services enhance the ecosystem, it becomes much easier for ordinary citizens to be exposed to this new type of technology.

And it’s not just ATM companies that have noticed the expansion of the crypto industry.

Even global companies such as “Paypal”, “MicroStrategy”, “Square” and “Grayscale” who have not only invested in the acquisition of this type of assets, but are also seeking to facilitate the entry of more investors.

Read also:

An introduction to the Bitcoin ATM and how to find it

How to use a Bitcoin ATM