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This year almost tripled the number of ATM Bitcoin ATMs in the world, Latin America is still lagging behind except El Salvador

Alex Coin
December 18, 2021
Reading Time: 4 mins read
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atm

What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

The number of ATMs between December 2020 and December 2021 increased from about 12,800 to more than 33,400. 87.5% are in the United States. The Latin American country with the most ATM growth is El Salvador, others have declined.

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A pesar de que comprar Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ATMs are more expensive, this means of acquisition has its many fans in the world. That is why the number of ATMs almost tripled this year compared to last year.

La webCoinATMRadar refers to it. In the graph you can see how the number of crypto-specialized ATMs has grown impressively.

As of December 15, there were 33,483 ATMs in the world. This number will not be the same today, as they are growing at a rate of 53 ATMs per day. Meanwhile, last year in December the number of ATMs was around 12,840. That is, it is almost three times more.

Meanwhile, in the first year of the pandemic: February 2020 to 2021, the number of tellers doubled, according to February 2021 report . That is, the pandemic and the increased push and popularity of cryptocurrencies have led to an increased installation of these devices.

ATMs
CoinATMRadar Chart

In terms of months, July this year is the month in which the most crypto ATMs have been installed: 2037. 41% of the ATMs have been manufactured byGenesis Coin, followed by 22% ofGeneral Bytes, the rest are smaller companies. As for the operators, in the first place there isBitcoin Depot (19,4%) seguido de CoinCloud (137%),Coinflip (10%) and a number of companies with lower market an area or arena, online or offline, in which commercial dealings are conducted. share.

76% of cashiers are for buying crypto only, while in only 24% you can buy and sell. No ATM is made just for selling crypto. Almost all of the ATMs are forBitcoinwhile about 75% accept the purchase of altcoins, being the most accepted Litecoin yEthereum a decentralized open-source blockchain with smart contracts functionality.far ahead of others such asDogecoin, Bitcoin Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. oTether.

Inequality continues

There is something very striking about cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. ATMs and that is that they seem to increase almost exclusively in the United States, which dominates almost 90% of the market, as you can see in this graph:

Image by CoinATMradar

In South America as a whole, there are only 80 ATMs, 0.2% of the total number of ATMs in the world. In this region, Colombia has 39 ATMs, Brazil 22, Argentina 11, Chile and Peru 3, and Venezuela and Ecuador 1 each.

Other Latin American countries with ATMs include Panama with 24, the Dominican Republic with 13, Mexico with 11 and Costa Rica with 5.

It should be noted that in the region, even the number of ATMs has been reduced. Colombia tenía 60 para noviembre de 2020, according to previous report. Likewise, Argentina had 13 and the Dominican Republic 16 by the same date. Other countries have stagnated and have the same number as a year ago.

El Salvador: la excepción

As every rule has an exception and it is El Salvador, a country that this year, as we have said, has made great strides in crypto. In the middle of the year passed the Bitcoin Law which makes the main cryptocurrency legal tender in the country. A from September the law went into effect and thousands of companies, including well known food franchises They accept it as a means of payment. In the midst of this adoption, ATMs started to be installed and the number far exceeds that of all of Latin America combined: 205 ATMs in the Central American country. distributed in cities throughout the country, but 75 of them located in the capital: San Salvador.

It is worth noting that by November 2020, El Salvador had barely a single ATM, which accounts for the huge increase.

Thus, El Salvador is currently, after the United States and Canada, the country with the most ATMs in the world.ATM Bitcoin, beating Spain who have 197.

Distribution of Bitcoin ATMs in El Salvador. Image by CoinATMradar

Sources:CoinATMRadar, archivo

Version ofDiarioBitcoin

Imagen deUnsplash

Tags: atmATMsbitcoinCoinATMradarSalvador
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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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