The number of Bitcoin ATMs in the world has exceeded 1,000, and China has only 12

CoinATMRadar is a provider of Bitcoin and other cryptocurrency ATM location services. According to CoinATMRadar statistics, the number of Bitcoin ATMs in the world has exceeded 1,000.

America is the champion

There are currently 1009台Bitcoin ATMs available worldwide (note: this number is subject to change), of which 627 are in the United States. Canada ranks second with 138, while South Africa is the only African country on the list, with only one Bitcoin ATM.

There are 12 Bitcoin ATMs in China - 1 in Shanghai, 2 in Beijing, 5 in Hong Kong, and 4 in Macau.

The website also ranked Bitcoin ATM manufacturers, with Genesis Coin taking the top spot with 442 ATMs installed, followed by Lamassu with 197, and General Bytes in third with 159.

It’s no surprise that the United States has the most Bitcoin ATMs, as this country is likely to become a large Bitcoin trading market in the next few years. There are many reasons for this, including economics, currency, population, disposable income, and most importantly, China.

Simply put, Bitcoin ATMs are the easiest way to buy and sell Bitcoin because the use of these machines is very similar to traditional banking operations.

CoinATMRadar said in a blog published on February 17 that in the past week, about 4 new Bitcoin ATMs have appeared every day. In other words, at least 30 new ATMs have been added in 7 days.

In May last year, CoinATMRadar stated that the number of Bitcoin ATMs in the world was 639. In just 9 months, this number has increased by 56%. In 2014, the number of ATMs in operation in 6 continents was 211.

The global ATM market report released last year showed that the increasing demand for various types of automatic teller machines, including Bitcoin ATMs, in developing countries such as Nigeria, India and Kenya has driven the prosperous development of the global ATM market.

Correlation with coin price

It remains to be seen whether there is a correlation between the increase in the number of Bitcoin ATMs and the price trend or popularity of the digital currency.

In addition to some companies that deploy ATMs for commercial interests, some private organizations have also started their Bitcoin ATM strategic plans. For example, audit giants Deloitte and Ernst & Young (EY). Deloitte placed an ATM in the Rubix blockchain department office in downtown Toronto, while EY chose to install ATMs in its external offices in Switzerland. Both aim to encourage their customers and employees to experience the process of buying and selling Bitcoin.