Bitcoin ATMs Are Quietly Invading U.S. Convenience Stores and Pawn Shops

Bitcoin is bound to become more and more common throughout society. Now, this decentralized currency can be used at gas stations, delis, convenience stores, and even pawn shops. According to reports, the number of Bitcoin ATMs (BTMs) around the world has been rising sharply recently, most notably in the United States, which currently has 1,279 Bitcoin ATMs.

Number of Bitcoin ATMs Surges in Last Month of 2017

At the end of 2017, the number of Bitcoin ATMs in the world suddenly increased sharply. In the past few months, the global BTM market has grown by 7.6%. Currently, the largest markets for Bitcoin ATMs are the United States, Canada, the United Kingdom, and Austria. According to data from Coinatmradar, the number of Bitcoin ATMs in the United States accounts for 75% of the world, with about 1,270 machines. Globally, the most well-known BTM manufacturers include Genesiscoin, General Bytes, Lamassu, and Coinsource. Other smaller BTM manufacturers include Bitaccess, Covault, and Bitxatm.

Coinsource is the largest Bitcoin ATM manufacturer in the United States, with more than 160 machines currently in operation, and they hope to expand the number of BTMs to 1,000 in 2018. Another company, Coinbtm, has obtained legal operating rights in New York City.

Bitcoin ATMs Are Invading Convenience Stores, Bodegas, and Even Pawn Shops

In the United States, Bitcoin ATMs are being widely used in some retail industries. A bodega called "545 Deli Grocery" said that their store's Bitcoin ATM is often used. In addition, a Manhattan convenience store called "Grace News" recently said that the store's Bitcoin ATM has been very popular recently.

Athena Bitcoin Network is a company that specializes in providing Bitcoin ATM installation services. They have installed 55 Bitcoin ATMs in gas stations, museums, and even pawn shops across the United States, covering cities such as Anaheim, Colton, Los Angeles, Hesperia, and Culver City.

Bitcoin ATMs are installed at least three times a day around the world

Bitcoin ATM manufacturers are actively installing Bitcoin ATMs in many states in the United States and many countries around the world. According to data from Coinatmradar, Bitcoin ATMs are growing rapidly at a rate of three per day around the world.

In addition to the increase in the number of Bitcoin ATMs, the number of digital currencies supported by these ATMs is also increasing. Today, BTMs can support withdrawals of multiple encrypted digital currencies such as Litecoin, Ethereum, Monero, Bitcoin Cash, Dash and Zcash.