Bitcoin ATMs Cross 5k Amid Market Resurgence

Bitcoin atms

It is now one milestone after the other for Bitcoin, a trend that often follows any time the cryptocurrency is in a bull market.

Data available from monitoring resource, CoinATMRadar shows that on June 24, the industry reached the hallmark of 5,000 ATMs (BTMs) for the first time in different countries.

At the time of writing, about 5,006 BTMs are operating in 90 countries worldwide, where cryptocurrency traders can either buy or sell Bitcoin. Some of these machines can do both at the same time.

The data further highlights that BTM manufacturer General Bytes in recent times outraced Genesis Coin, with the highest number of installed BTMs, mounting an average of 6 machines per day, with a total of 150 installations in June alone.

Meanwhile, the United States is top on the list of countries with much more locations and varying formats.

The country is home to more than half of the total Bitcoin ATMs (3,229) with fresh installations of BTMs on Circle K convenient stores in Arizona and Nevada. 

Although Canada comes in second place with 687 BTMS, the charts also indicated trickles of BTMs springing up in Africa. 

Zimbabwe and Uganda now have at least one in their respective jurisdictions while South Africa remains the largest in the continent with 5 BTMs installed at strategic locations.

Meanwhile, the last time we reported on Bitcoin ATMs in April 2019, we mentioned that a freelance developer Felix Weis unveiled the first Bitcoin ATM powered by the Lightning network

The first-of-its-kind machine would allow transactions to settle instantly without the delay often experienced with on-chain Bitcoin transactions.

In the same month, we also reported that a startup, Moon introduced support of Lightning Payments for online purchases on the Amazon website. 

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