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Author Topic: Bitcoin ATMs Surge As There Are Now Over 10,000 Bitcoin ATMs Worldwide  (Read 232 times)
mamamu111 (OP)
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September 21, 2020, 10:43:36 AM
 #1

The year 2020 has witnessed a surge in the number of ATMs supporting digital coins.

The total number of Bitcoin ATMs has now passed 10,000 worldwide. 


READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/09/21/bitcoin-atms-surge-as-there-are-now-over-10000-bitcoin-atms-worldwide/
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September 21, 2020, 11:04:41 AM
 #2

As of the time I was writing this, there are 10115 crypto ATMs in the world. I checked this directly on coinatmradar (https://coinatmradar.com/).

I remember in 2019, there were only about 6000 bitcoin ATMs in the world, but the increase in this year to an extent there are over 10000 ATMs now is a very good move which is also helping bitcoin and other crypto adoption.

With time, crypto ATMs will increase over 100000. The increase in crypto ATMs is an evidence of increase in bitcoin and other crypto adoption.

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September 21, 2020, 11:41:45 AM
 #3

The year 2020 has witnessed a surge in the number of ATMs supporting digital coins.

The total number of Bitcoin ATMs has now passed 10,000 worldwide. 


READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/09/21/bitcoin-atms-surge-as-there-are-now-over-10000-bitcoin-atms-worldwide/

One indication that we are heading to a bright future with bitcoins. Since the installing of this bitcoin ATMs are working and increasing every year. Not only this, there are more stores around the world that accepts bitcoin nowadays compared to last year. I hope someday we will have that ATM here installed in our city so that I can have my own reviews about it just like the other who already tried it for the first time.

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September 21, 2020, 12:45:20 PM
 #4


Source

Based on Coinatmradar.com (the Bitcoin ATM finder) there are 10115 ATM's at this moment in 71 countries, as I captured the image above.

We can determine the growth of Bitcoin machine by showing this chart, it is obviously Bitcoin businesses have been grown, most especially these days there is pandemic and people need to have a cashless transaction and Bitcoin is one of the best options as a payment method. We witnessed the sudden growth of those people who are willing to adopt Bitcoin as their businesses.

Different issues and negative feedback thrown to Bitcoin and the worst is there are several countries banning Bitcoin but despite these obstacles, Bitcoin showing progress.
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September 21, 2020, 02:03:00 PM
 #5

The total number of Bitcoin ATMs has now passed 10,000 worldwide.  
I really hope that by 2021 bitcoin ATMs can increase 2 x times from the current one to 20,000 worldwide.

In my country have three (3) Bitcoin ATMs that can be used by the community at this time, to be honest Bitcoin ATMs really help the crypto community in my country in making transactions.

I hope that entering 2021, in my country can add (3) more ATMs that can operate in transactions.

OP if in your country how many ATMs are there at the moment ...!

R


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September 21, 2020, 02:21:39 PM
 #6

Has anyone done research on the proportions between the amount of Bitcoin ATM and the number of active crypto traders?
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September 21, 2020, 07:10:07 PM
 #7

Of course this is good news, last July I read there is around 8,444 crypto ATMs in the world and the most crypto ATM machines in America. Currently America also still dominates with 8002 ATMs. I think the growth in the number of crypto ATMs is proof that users are growing and this is the effect of trust in crypto. While it is uneven and I believe this is due to the different regulations in each country, I am pretty sure that there will be more crypto ATMs in the world. Hopefully my country will also come back with better regulations.
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September 21, 2020, 07:38:28 PM
 #8


Based on Coinatmradar.com (the Bitcoin ATM finder) there are 10115 ATM's at this moment in 71 countries, as I captured the image above.

We can determine the growth of Bitcoin machine by showing this chart, it is obviously Bitcoin businesses have been grown, most especially these days there is pandemic and people need to have a cashless transaction and Bitcoin is one of the best options as a payment method. We witnessed the sudden growth of those people who are willing to adopt Bitcoin as their businesses.

Different issues and negative feedback thrown to Bitcoin and the worst is there are several countries banning Bitcoin but despite these obstacles, Bitcoin showing progress.
Countries that do still ban bitcoin would really might have some reconsideration in the future when they do saw that their neighboring countries had already accepted nor adopt cryptocurrency specially Bitcoin.

Increase numbers of ATM's does signify that adoption is on the move which is really a great thing for crypto community and this do really shows the potential that it would widespread even more on future years to come.

How good the feeling is to see that majority of countries do have these ATM's which would really be a convenience for those people who do tend to use such service even though fees might be a bit high
but it wont really be that much an issue.

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September 21, 2020, 07:47:54 PM
 #9

The year 2020 has witnessed a surge in the number of ATMs supporting digital coins.

The total number of Bitcoin ATMs has now passed 10,000 worldwide. 


READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/09/21/bitcoin-atms-surge-as-there-are-now-over-10000-bitcoin-atms-worldwide/

I just read here in the forum that the majority of the Bitcoins ATM is in the USA. I think its thousands of Bitcoin ATM are in the USA compared to some of the countries that probably bitcoin ATM are just numbered. I'm thinking it would take a long time for Bitcoin ATM to be implemented in my country probably Bitcoin ATM in my country doesn't even reach a hundred I think. Most of the companies may be are just afraid to take the risk in bitcoin also a lot of companies that try just end up closing the bitcoin ATM business maybe because it is not just a reliable way to do at this time and no one uses it.
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September 21, 2020, 08:33:36 PM
 #10

The year 2020 has witnessed a surge in the number of ATMs supporting digital coins.

The total number of Bitcoin ATMs has now passed 10,000 worldwide. 


READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/09/21/bitcoin-atms-surge-as-there-are-now-over-10000-bitcoin-atms-worldwide/

I just read here in the forum that the majority of the Bitcoins ATM is in the USA. I think its thousands of Bitcoin ATM are in the USA compared to some of the countries that probably bitcoin ATM are just numbered. I'm thinking it would take a long time for Bitcoin ATM to be implemented in my country probably Bitcoin ATM in my country doesn't even reach a hundred I think. Most of the companies may be are just afraid to take the risk in bitcoin also a lot of companies that try just end up closing the bitcoin ATM business maybe because it is not just a reliable way to do at this time and no one uses it.

Seen few in my country but have not tried even once. I kept watching the ATM for nearly an hour whether someone would actually tried it out of curiousity but seen no one. I don't know how they pick a location to put the ATM but it must be good to put it on a crowded or a path way where people can see it. Its best on a location near tech hub because its a place where people knew BTC.  The amount of marketing isn;t enough when scams in crypto is very much like a regular thing.

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September 21, 2020, 08:53:20 PM
 #11

I think this was already the 4th time I have read this thread related or with the same thought on this over this forum which is just fine since there goes an update among the early threads that have been created about Bitcoin ATMs. But even if the numbers of Bitcoin ATMs continuously arise but still most of it are dominantly situated or located in US, we cannot practically say that we are massively adapting into Bitcoin engagement and usage because if you will compare the number of Bitcoin ATMs that can be found on US to the others located on other countries, it is strongly incomparable for there are only minimal Bitcoin ATMs that can be found on other places. The massive part of those big numbers are entirely on US only. I am still looking forward that soon enough once Bitcoin is accepted and legalized on other countries, there would be also availability of Bitcoin ATMs on other places not just on US dominantly.

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September 21, 2020, 10:14:42 PM
 #12

Has anyone done research on the proportions between the amount of Bitcoin ATM and the number of active crypto traders?
Most of the researches that I've seen, they're stating the number of wallets instead of active crypto traders. Just like in Coinbase, they're rating the number of registers than the number of active traders.
You can search for various researches on google and just use the proper keywords for this topic. And, you'll see those different results made by different services or websites.



 

 

 

 

 

 


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September 21, 2020, 11:34:38 PM
 #13

~snip~
Countries that do still ban bitcoin would really might have some reconsideration in the future when they do saw that their neighboring countries had already accepted nor adopt cryptocurrency specially Bitcoin.
Agreed, I have witnessed several countries who actually turned from being an anti-Bitcoin to reconsidering some legal steps to regulate cryptocurrency and then reconsider the use of Bitcoin but with some slight restrictions. Just like Russia. These countries might have realized a certain impact of cryptocurrency to boost their economic state.

Increase numbers of ATM's does signify that adoption is on the move which is really a great thing for crypto community and this do really shows the potential that it would widespread even more on future years to come.
Increase of number of Bitcoin ATM's means there are more people who are actually using it so does the Bitcoin adoption. I assume they have conducted surveys to effectively put the ATM's in areas which is most convenient for the users. So, this also identifies which area has the most increase number of Bitcoin adoption.

R


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September 21, 2020, 11:51:35 PM
 #14

~snip~
Countries that do still ban bitcoin would really might have some reconsideration in the future when they do saw that their neighboring countries had already accepted nor adopt cryptocurrency specially Bitcoin.
Agreed, I have witnessed several countries who actually turned from being an anti-Bitcoin to reconsidering some legal steps to regulate cryptocurrency and then reconsider the use of Bitcoin but with some slight restrictions. Just like Russia. These countries might have realized a certain impact of cryptocurrency to boost their economic state.

Increase numbers of ATM's does signify that adoption is on the move which is really a great thing for crypto community and this do really shows the potential that it would widespread even more on future years to come.
Increase of number of Bitcoin ATM's means there are more people who are actually using it so does the Bitcoin adoption. I assume they have conducted surveys to effectively put the ATM's in areas which is most convenient for the users. So, this also identifies which area has the most increase number of Bitcoin adoption.


Definitely, they did some survey before they set-up those btc ATMs, because they want more traffic to earn from this business. Just like in my country, they put it in a central business district. So people have easy access on that terminal. I hope that the rates on these ATMs will be competitive with other method like as compared to local exchange so the adoption will really increase.
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September 22, 2020, 12:36:00 AM
 #15

Even if the number of BTC atms keep on increasing, as long as most of them are concentrated on the western side, I doubt there's a sense or there's even a reason for celebration since if the distribution isn't really evenly made, there's no sense to even call it "Worldwide". Just call it on the US or western part of the world, since really, that's almost the entirety of the ATMs out there. Still, I know there are difficulties in distributing them across the globe, mostly because of regulations, which basically shows that there's still a long way in terms of ATMs being placed over the globe.

R


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September 22, 2020, 04:35:06 AM
 #16


~Snip
Countries that do still ban bitcoin would really might have some reconsideration in the future when they do saw that their neighboring countries had already accepted nor adopt cryptocurrency specially Bitcoin.

Increase numbers of ATM's does signify that adoption is on the move which is really a great thing for crypto community and this do really shows the potential that it would widespread even more on future years to come.

How good the feeling is to see that majority of countries do have these ATM's which would really be a convenience for those people who do tend to use such service even though fees might be a bit high
but it wont really be that much an issue.

This is the sing of growing bitcoin and cryptocurrency. Peoples are taking an interest and converting their money in bitcoins.
I head there are only 6 thousand ATM all over the world, but not its increase to 10,000. I wish our government take a look on it and build an ATM machine in a country.
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September 22, 2020, 06:18:05 AM
 #17

Here in Singapore also we have a few of them. I have used an ATM once, but the markup is too high. If I remember correctly, it was around 8%. You can purchase Bitcoins from Localbitcoins or from any of the exchanges at 0.5% markup, but then doing the KYC is a big headache. So for those who don't want to do the KYC, Bitcoin ATMs are a good option (you need a SMS verification, only if the amount is more than SGD 2,000). I am not that concerned about my anonymity, and therefore I will skip them for now.
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September 22, 2020, 03:59:43 PM
 #18

bitcoin adoption has always had different aspects, it is not just the price going up. it is all the rest that comes with it, more exchanges, more shops, merchants, payment processors, all kinds of services, and of course ATMs.
we are currently in the initial adoption phase where people want to have ways of converting their fiat to bitcoin so things like ATMs and exchanges are hot these days. in a decade from now that bitcoin will take more of a currency shape, they will also go away as people get paid in bitcoin and use it the same way they use fiat and you don't need an ATM for that.

There is a FOMO brewing...
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September 22, 2020, 09:23:01 PM
 #19

^ Definitely right, On my experience, I have not felt the machines though. But yes, I can see that Bitcoin is about to be accepted and considered
the same level as the banks and streetest level remittance companies. Just like bitcoin ATM that being considered one, Bitcoin has set the bars high. Probably time will come, not only in the city that has bitoin ATM, it would be available in any department store, cryptocurrency is now roarding slowly. We will get there soon. I can tell.
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September 22, 2020, 09:57:38 PM
 #20

Those were such a great numbers indeed for that calls that Bitcoin adaption will become more prevalent for the existence of Bitcoin ATMs will surely encourage Bitcoin and non-Bitcoin users to try the machine which is more likely to be the same with fiat ATMs to provide seamlessly fast transactions. But even if that is incredibly a big number, majority of those Bitcoin ATMs are dominantly found in US and some other countries which means that the existence of such machine is not yet into a worldwide distribution so basically we cannot say that we are heading all along into massive adaption for only people in US mostly have an access into the machine as of the moment. Even here at my country, we do not have any Bitcoin ATM even one have not existed. But despite of that, I am staying positive that sooner or later in the future Bitcoin ATMs will be present in every country around the world.



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