Bitcoin ATMs Surpass 6,000 Worldwide

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Bitcoin ATMs installed worldwide have surpassed 6,000.

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According to CoinATMRadar.com, 6,004 bitcoin ATMs have been installed worldwide, with over 65 percent located within the United States.

This month, 108 machines have been launched, with the daily average of bitcoin ATMs installed at 11, the fastest pace in 2019.

Over 75 percent of all bitcoin ATMs are located in North America.

Europe is the second most popular bitcoin ATM location, with nearly 20 percent of machines, while Asia accounts for only two percent.

Currently, there are 3,924 bitcoin ATMs in the United States, and 653 in Canada.

The United Kingdom takes third place, with 272 ATMs, while Austria came in fourth with 189.

Since June, the total number of bitcoin ATMs worldwide has increased by nearly 1,000, as the industry continues to grow.

Approximately 35 percent of machines support two-way capabilities, allowing users to buy crypto, as well as, sell crypto for cash.

In October, bitcoin ATM firm Bitstop announced they had installed a machine in the Miami International Airport, stating that cryptocurrencies like bitcoin are more useful for travelers.

“More and more people prefer to travel with Bitcoin instead of cash for convenience and security,” stated Bitstop co-founder Doug Carillo.

“Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad.”

Not everyone is celebrating the growth of bitcoin ATMs, particularly in the United States.

Earlier this week, the U.S. Internal Revenue Service Criminal Investigation Chief John Fort stated the agency is suspicious of the potential tax concerns regarding bitcoin ATMs.

Still, not everyone seems happy about the growth in the popularity of Bitcoin ATMs, particularly in the United States.

“They’re required to abide by the same Know-Your-Customer, Anti-Money Laundering regulations, and we believe some have varying levels of adherence to those regulations,” said Fort.

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