4000 Machines Worldwide – Cryptocurrency ATMs Growth
Cryptocurrency ATMs Growth is observed all over the world: soon more than 4 thousand of them will appear. Apparently, this mark will be overcome before the end of November. The world saw the first Bitcoin ATM back in 2013. As for the latest news, 3991 of them are now set up in the world. Judging by the rising rate of their amount, they can be more than 4000 by the end of this month or in the worst case of the year. Against the background of capitalization growth, two-way cryptocurrency ATMs, which are fully capable of trading in digital coins, begin to dominate over one-sided, intended only for purchase. Currently, 63% of the entire digital currency ATMs are a two-way option.
In accordance with estimates of investigations of the MarketsandMarkets company held recently, the Cryptocurrency ATMs Growth will show a significant development. If this year its conditional investment “capitalization” is estimated at 16.3 million dollars, by 2023 this figure will increase by order of magnitude and amount to 144.5 million dollars. Thus, the increase in investment in this sector will be 54.7%, if we count at the rate of average annual growth rate, taking into account compound interest.
Statistics of the countries
If we consider the statistics in more detail, it turns out that most of the Bitcoin ATMs are set up in the USA- region’s share in this market is 71.39%. Europe is in second place with 23.53% of all installed ATMs. Least of all of them is observed in Africa only 0.2%. Such areas as Saudi Arabia, the Philippines, Cyprus, Indonesia, Germany, and Thailand, have only one Bitcoin-ATM. At the same time, in the USA their number reaches 2,219, followed by Canada with 600 units.
As for the creators, Genesis Coin and General Bytes are dominating in the world Bitcoin ATM field with more than 1,000 ATMs each. Many manufacturers expand the possibilities of buying various types of digital money and expand their product range. For example, one of the ATM manufacturing companies, Lamassu, released a series in which you can find BTC, BCH, ETH, DASH, LTC, and ZEC. Although the number of actualizations for some of these manufacturers is of no consequence, just one contract with a country that practically has no Bitcoin-ATMs is required to move any of these manufacturers to the first place.