The year 2020 passed in particular, as it was marked by the spread of the Corona virus, which in turn caused economic problems, most notably inflation and patchwork solutions represented in excessive printing of money, to reflect positively on the bitcoin and gold currency, amid the decline in the performance of paper currencies.

Many prominent investors such as Paul Tidor Jones and companies such as MicroStrategy have jumped to embrace Bitcoin further.

Bitcoin ATMs Record a Significant Rise in 2020:

The number of bitcoin ATMs popping up this year has skyrocketed, with research indicating that there are more than 10,000 machines spread around the world that now distribute bitcoin, or take it in exchange for fiat currencies.

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According to a report issued byblogging“The total number of Bitcoin ATMs reached 9,680 at the beginning of September, which is a jump of 167% year-over-year and 417% since 2017.

As of December 2017, there were 1,932 cryptocurrency ATMs in the world.

That number rose to more than 4,009, an increase of 107% by 2018.

The growth continued in 2019 and the number of devices reached 5,795 in December of last year, according to the same report.

However, nothing beats the impressive numbers in 2020, as there were more than 3,885 new Bitcoin ATMs officially launched and operational in the first nine months of 2020, which is an increase of 67%.

The United States of America leads the way in the number of Bitcoin ATMs:

Bitcoin ATM installations were higher in countries with strong economies, such as the United States, Canada, and the United Kingdom.

However, developing markets and regions with volatile currencies, such as Venezuela, are also seeing a slight rise in the number of Bitcoin ATMs installed as citizens lose faith in their fiat currencies.

As a quote from the report:

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According to geographic analysis, the US is a leading market for cryptocurrency ATMs, with 78% of all Bitcoin ATMs globally.

The report also revealed that the number of Bitcoin ATMs operating in the US has increased significantly since last year.

In September 2019, US citizens could use 3,332 crypto ATMs across the country.

Read:A member of the US Congress warns against Bitcoin and sees it as a threat to the US dollar

Statistics showed that the number of cryptocurrency ATMs in the US reached 7,567 in September 2020, an increase of 127% in a year.

Canada ranked second in terms of the number of Bitcoin ATMs globally, with 869 Bitcoin ATMs registered as of September 2020.

It is followed by the United Kingdom, Austria, Spain and Switzerland with 278, 150, 106 and 81, respectively.

Meanwhile, Genesis Coin has emerged as the leading manufacturer of Bitcoin ATMs globally, with a market share of 35% with 3,406 ATMs operating worldwide as of September 2020.

General Bytes came in second place with a market share of 29% and 2,893 ATMs.

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