[2017-06-15] Global Bitcoin ATM Proliferation Nearly Doubled During May

[Terraformer]

The global proliferation of bitcoin ATMs nearly doubled during May when compared with April. The United States and Canada saw increases in the number of bitcoin ATMs by almost 8%, whilst Russia’s bitcoin ATM presence evaporated following the withdrawal of Bitlish.

Coinatmradar Reported an Overall Growth in the Number of Bitcoin ATMs of 6.7% Internationally

May saw significant price gains. Last month also saw a considerable expansion in the number of bitcoin ATMs internationally.

Coinatmradar reported an overall growth in the number of bitcoin ATMs of 6.7 percent internationally, as May saw 95 new bitcoin ATMs installed. 17 bitcoin ATMs were closed bringing the total of reported bitcoin ATMs to 1236.

Global Bitcoin ATM Proliferation Nearly Doubled During May

The majority of the growth took place in North America, with America seeing 7.9% (+55 ATMs), and Canada seeing the growth of 7.8% (+12 ATMs). The United Kingdom saw growth of 11.5% (+7 ATMs), and Japan saw growth of 36.4% (+4 bitcoin ATMs).

Bitlish closed its three ATMs located in St. Petersburg, which were the sole bitcoin ATMs in Russia reported to the site Coinatmradar. Bitlish’s exit from the Russian market comes amidst claims that it plans to install 5,000 new bitcoin ATMs across Europe – although the company’s hasty exodus has left some analysts skeptical regarding how long the ATMs are likely to remain open.

Read more: https://news.bitcoin.com/global-bitcoin-atm-proliferation-nearly-doubled-during-may/

[joshy23]

Those countries that have bitcoin ATM is the front leader of bitcoin activities (mining, trading). But I still do think that bitcoin ATM is not yet fully maximized by people who holds bitcoin for simply reason that the fee is very high as well. When bitcoin become mass adopted though, those bitcoin ATM will be used just like a regular fiat ATM. But for now, just a small percentage of holders are going to use it.