Bitnovo, one of Spain’s top Bitcoin payment platforms, has partnered with Eurocoin, Europe’s leading provider of electronic components, to install 100 Bitcoin ATMs in 2022.

It is worth noting that Spain is the first country in Europe in terms of the number of Bitcoin ATMs.

The new installations will also put Spain in third place worldwide (after the United States and Canada).

Regardless of Bitcoin, ATMs that are not yet installed will support Ethereum, Tether, and Monero.

The Eurocoin group was founded in 1973 and has offices in six European countries.

CEO Fernando Dumont describes most of the partnerships as a strategic move in the cryptocurrency industry.

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He adds that cryptocurrencies will coexist with traditional payment methods.

Overall, there are 34,659 crypto-operated ATMs worldwide, according to data provided by CoinATMRadar, with the vast majority of 30,806 being installed in the US, with Canada coming in second with 2,261.

El Salvador ranks third after the government installed 200 ATMs across the country after bitcoin was legalized by the tropical country.

Spain currently ranks fourth, but will likely jump ahead of the Central American country by the end of this year.

In 2019, Spanish law enforcement raised concerns about criminals using Bitcoin ATMs for money laundering purposes.

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