Bitcoin ATMs Worldwide Hit New Milestone, Surpassing 6,000

[nanaimogold]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

[htsy585]

I think its only but a matter of time before cryptocurrency becomes adopted across the world. Its evident that governments, institutions, educational bodies, health sector, banking and so on are adjusting positively to align with crypto and blockchain. One day, it might just be 600,000 bitcoin ATMs installed worldwide.

[huu78]

The news is good enough to introduce bitcoin even deeper, but I see no one is interested in Bitcoin when there are many ATMs that are launched. Still, not everyone seems happy about the growth in the popularity of Bitcoin ATMs, particularly in the United States. Or they are afraid of the requirements to comply with the same Know-Your-Customer, Anti-Money Laundering regulations, and we believe some people have different levels of compliance with these rules.

[btc_angela]

Yeah, around 4000 of that ATM is in the US. So it's just really a matter of time because people (no coiner) are going to try and used Bitcoin ATM and see it for themselves. So it's a win-win situation and we might be closer to the adoption that we are all hoping to happen in the next five years. And I'm sure more companies are going to join this ATM business because it is booming, and operators will grow as well.

Here is a list of top bitcoin ATM providers on the market at the moment, which can be recommend. All of the providers have a long tracked positive history on the market:

• Genesis Coin — provides one-way solution Satoshi1 for $6.8K and a two-way Satoshi2 machine for $2.1K on top of one-way price. There is also old Genesis1 for $14.5K.
• General Bytes — provides a one-way bitcoin ATM called BATMTwo for 2849 USD and two-way bitcoin ATM BATMThreeL (basic version) for $7K. There are several different variations of BATMThree models family depending on hardware you choose.
• Lamassu — provides one-way solution Douro ($6.5K), additionally Santo Tirso stand can be purchased to make it two-way for $5.5K making the total cost of two-way Lamassu solution of $12K.
• BitAccess — provides a two-way bitcoin ATM machine for $7K

https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/

[kawetsriyanto]

It is good news for us as Bitcoin holders and must strengthen our beliefs about the adoption of Bitcoin in the future. Actually, there are many places in the world that need the Bitcoin ATMs to indicate the improvement of the community. However, I think legalization is still an obstacle to this adoption.

OP, it will be better if you enclose an article or valid sources related to your statement. 

1. https://en.cryptonomist.ch/2019/11/18/record-bitcoin-atms/
2. https://cointelegraph.com/news/bitcoin-atms-worldwide-hit-new-milestone-surpassing-6-000
3. https://www.fxstreet.com/cryptocurrencies/news/the-number-of-bitcoin-atms-installed-worldwide-exceeded-6000-201911181233
 

[rdluffy]

It's a good thing to use as advertise, but I'm curious about something: have you guys ever use any of these ATMs to buy or sell BTC?
Honesty here 

I never see a machine like that, not even on airports that I landed

[CjMapope]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

Excellent man, very good to hear this, crypto ATMS ive always thought will be a good part of mass adoption one day
Where i live up in Canada we had some of the first ever BTC ATMs, and they seem to have no troubles up here with vandalism, which is nice.
I always thought they were a great way to not worry about kyc, even if alot of them tend to gouge a person on their prices : / lol
Some crypto ATMS charge over 10% on top up here

[plast555]

Nice and useful improvement.

But I really don't know what Bitcoin ATMs do. Can you sell Bitcoin and get cash for it? If it has such a property, it is truly magnificent.

I hope a few helpful people in the forum can give me some information about it.

[Fundamentals Of]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

This is great news for the growing adoption of Bitcoin. This would somehow address the lack of access of other people to Bitcoin. More and more demand for Bitcoin must have been the reason why there are additional Bitcoin ATMs installed all over the world. Although I hope these are installed in the most relevant of places to be able serve at the maximum level. There are Bitcoin ATMs that are left almost unused.

[leowonderful]

Nice and useful improvement.

But I really don't know what Bitcoin ATMs do. Can you sell Bitcoin and get cash for it? If it has such a property, it is truly magnificent.

I hope a few helpful people in the forum can give me some information about it.

Depends what your local Bitcoin ATMs support, but generally you're able to trade Bitcoin to cash and vice-versa with Bitcoin and crypto ATMs. Many of them now require verification (ID, etc) for any sort of transfer, or verification above some certain amount of fiat, though I've found most Bitcoin and crypto ATMs still allow you to transact without verification.

If you're looking for Bitcoin ATMs near you (some support alts too), CoinATMRadar (click for link) has a good map for that, which also shows whether or not the ATMs near you allow only buying or both buying and selling. Fees also vary by ATM, though I believe you're paying a premium over getting your fiat from an exchange in most cases. The majority of 'em are still located in North America with the second most being in Europe at the moment, though we're seeing more of these all over the map in general.

[Aabcde]

This is very good and interesting news. With the existence of a bitcoin ATM, I hope that ordinary people can be more aware of the crypto world, especially bitcoin itself. And hopefully, they can start investing in it.
In my area, there hasn't been anything like this, so I hope that the adoption of bitcoin as soon as possible can go well. Because we have entered a world that has everything to do with the internet, IoT.

[TheClownSong]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

This is a good development because with the spread of bitcoin ATMs, people will get to know bitcoin better. Many merchants already accept payment using crypto and this is the initial process of crypto adoption. Increasingly in the next few years, crypto is becoming easier to use in many countries

[ajiz138]

Bitcoin is growing bigger by giving 6000 bitcoin ATMs worldwide. But bitcoin ATMs aren't really spread all over the world. There are some countries that do not provide regulations on bitcoin transactions, many cause pros and cons because of the bitcoin voting value that has a high risk. Maybe in the future there will be new regulations so that bitcoin ATMs can be used evenly throughout the world.

[masterrex]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

That was another milestone of the cryptocurrency adoption and development! in my country there was only 2 operational cryptocurrency ATM's today one in a hotel and other one was in a Bank headquarters, But there's a lot of store that offering OTC transactions nationwide, I must say that our government recognize cryptocurrency as another revolutionized form of financial system that can drive financial inclusion in my country. I also believe that cryptocurrency can change our whooping $29.1 Billion dollars overseas remittance industry.

[Menawi12]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

That was another milestone of the cryptocurrency adoption and development! in my country there was only 2 operational cryptocurrency ATM's today one in a hotel and other one was in a Bank headquarters, But there's a lot of store that offering OTC transactions nationwide, I must say that our government recognize cryptocurrency as another revolutionized form of financial system that can drive financial inclusion in my country. I also believe that cryptocurrency can change our whooping $29.1 Billion dollars overseas remittance industry.

As far as I know there is no Bitcoin ATM in my country and in my opinion your government is quite responsive to the development of cryptocurrency. By granting permission for a Bitcoin ATM, this means that the country provides alternatives to its citizens to invest or make transactions as they wish

[tsaroz]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

We need more of such ATMs and fewer fees. We'd also need OTP counters to change our fiat into crypto, until that every bitcoin enthusiast and trader should act as a mobile exchange counters to ease up people buying bitcoins. Many people don't have bitcoin as they believe it's a hassle to buy and hold it.

[Mammothcoin]

This is a good sign that the demand for cryprocurrency as a means of facilitating financial transactions is on the rise within the global financial community not just the cryptocurrency space. As prices begin to rally, more if such will be built and the crypto-awareness/investment frenzy will kickstart.

[airdnasxela]

I'm happy for this news that bitcoin will be receiving more recognition through bitcoin ATMs. It's an achievement though I'm kinda disappointed that with this over 6,000 bitcoin ATM worldwide, I haven't seen one in person and if I'm not mistaken, there's only 2 ATMs in my country which is the Philippines. Where in fact, Philippines is a crypto-friendly country as well, although cryptocurrency isn't that popular yet, the government don't give strict regulations with bitcoin. And I don't know why there's only few ATMs being launched in my country. And to the fact that those 2 ATMs are quite far from my location, I guess I'll just have to wait until bitcoin will be more recognized and they would install one near my place.

[ragavancoin]

A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.

Really its good news for all crypto traders and investors may be it will going to part of our lifestyle In coming days and people are looking for that kind environment to use bitcoins ATM with other parts of the world and it will help for bitcoin growth.

But in my country still crypto currencies are not legal to use I hope upcoming days all is going well.

[duuuuude]

On the one hand the installation of ATMs is a popularization of bitcoin but on the other hand, I think that the more they are, the more rules and control will be over all the processes associated with this currency and this is often not in people's favor.