There are more than 5,000 Bitcoin ATMs and other cryptocurrencies around the world.

According to the data of Coin ATM Radar, there are currently more than 5,000 ATMs for bitcoin and other cryptocurrencies installed around the world. In Latin America, 170 ATMs are active, of which 80 operate in Spain and the remaining 90 in Latin America.

Despite the growth of Latin America in terms of bitcoin and cryptocurrency, the region currently concentrates only 1.8% of the total installed ATMs worldwide. ATMs allow for the purchase and sale of cryptocurrencies using fiduciary currencies.

Colombia stands out in Latin America. Despite the reluctance of the Colombian government, and the resistance of some banking and regulatory entities, in this Caribbean country there are 35 devices in accordance with Coin ATM Radar. The figure represents more than 38% of the units installed in Latin American countries and 20% in Latin America, ranking first and second in the region, respectively.

Some of these devices are located in border areas of Colombia with Venezuela. The latter, although it handles a high bitcoin exchange volume through LocalBitcoins, the highest in the region, does not have any ATM for cryptocurrencies.

In Latin America, after the Dominican Republic (12), Argentina (10), Mexico (10) and Panama (10) are located, countries that stand out for their economic growth or for the intense activity of their communities of cryptocurrency enthusiasts.

Ecuador (3), Chile (2) and Peru (2), despite having a lower presence in this ATM register, also have this type of device in their territory. It should be noted that the United States has the largest number of units in its territory, with 3,047 ATMs, which is equivalent to more than 60% of the total.

Another significant element of ATM figures around the world is their sustained growth in recent years. Coin ATM Radar records the statistics since 2014, and since then more than 5,000 devices have already been installed.

If we consider the number of ATMs for bitcoin and other cryptocurrencies at the beginning of 2018 and compare it with the same date of this year, the increase is 49.96%, going from 2,058 to 4,113 in just twelve months. In the last 18 months, the figure increased by 2,953 devices, an increase of 143%.

From January of this year to the current date the figure has increased 17.92%, standing at 5.011 according to the latest update of Coin ATM Radar, published this June 26.


Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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