Three thousand Bitcoin ATM Installed In first quarter Of 2022

[Wiwo]

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
 https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

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[romero121]

Bitcoin adoption around the globe is increasing with time. The installation of 3000 more bitcoin ATMs are a proof for the same. Though there is regular installation of bitcoin ATM, it isn't possible to see the same diversified around the globe. Only in specific locations the bitcoin ATMs were getting installed. Maybe this need to get diversified beyond the first world countries where 90% of the bitcoin ATMs were installed.

[DdmrDdmr]

To try to see where the increase of bitcoin ATMs takes place during Q1, we can take a look at the growth chart and subsequent territorial charts. The readings are slightly shifted from those in the article (slight date shift), but boil down to:

Code:

Area                          01/04/2022    01/01/2022      Diff Q1        
WorldWide                     36.656         34.293         2.363          
                                                                           
Europe                        1.378          1.398          -20            
USA                           32.223         30.068         2.155          
Canada                        2.346          2.159          187            
UK                            23             99             -76            
Austria                       137            140            -3             
Spain                         196            171            25             
Switzerland                   142            137            5              
                                                                                       

Q1 is really closer to 2K (2.363) than 3K (which is what the article states), but leaving that aside, growth during Q1 is essentially concentrated in the US and at a far distance by Canada.

[PrivacyG]

Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated?  While the numbers are definitely on a rise, I am afraid the news does not put me on as much hopium as I wish it did.  Call me boring but long as Know Your Customer is enforced, it is not like they help with anything besides taking a big cut of your money AND forcing you to give up personal information.

-
Regards,
PrivacyG

[Ebede]

Over the years we have being hearing of bitcoin ATM machine but is not as much as fiat ATM machine and i began to for the reason why bitcoin deposit and debit machine is everywhere like fiat machine, is not that we don't have massive adoption of cryptocurrency or the people who don't want to use those machines, while bitcoin ATM machine is hidden?

[Dean2]

Although bitcoin ATMs are a great way to spread the word of bitcoin and integrate it better in the society (the more the better) but they still have one big downside and that is the high fees which can reach upto 15% in some ATMs.traditional ATMs on the other hand don't have a withdraw fee and even if they do it's usually just couple dollars so i think that bitcoin ATMs still have a big room to improve to become trully viable.

[Upgrade00]

Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated?

I'm not aware if any such information is compiled already, but you can research on the individual manufacturers of Bitcoin ATMs and check up their privacy policy.

From content I've followed on the forum, it appears majority of ATMs have a sort of private gateway which is needed to verify your identity, this could be a mobile number.

[PX-Z]

Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated?

Isn't that this is really the case of all Bitcoin ATM? KYC integrated?
But not most of them are government regulated or has permit to operate in that specific place. That's some of these got confiscated and forcely closed.

[Ale88]

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
 https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

Personally I highly doubt I'll ever buy bitcoins from an ATM but it's nice to see that other people can do it, maybe some of them will buy just out of curiosity. And another thing: if there are people/companies that keep investing money in these ATMs, it means that they are getting a good feedback!

[cabron]

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
 https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

Personally I highly doubt I'll ever buy bitcoins from an ATM but it's nice to see that other people can do it, maybe some of them will buy just out of curiosity. And another thing: if there are people/companies that keep investing money in these ATMs, it means that they are getting a good feedback!

Privacy concern is probably one reason. Come when there will be a crackdown, it is safer to stay out of the radar even before it starts.

It's not really 3K but less this Q1 of the year but convincing enough to say people must have been buying BTC thru the ATMS installed in the cities.
It would be interesting to see the demographics of who is buying from the machines, I suspect the majority are teens, and it's for gambling reasons.

[hajirkhalid2]

This is really good news three thousand Bitcoin ATM installed in first quarter of 2022. Cryptocurrency is the future of finance and money also but Bitcoin is the decentralised currency.

[Ale88]

Privacy concern is probably one reason.

Yes and no, mainly because someone who is going to buy bitcoin at an ATM probably is going to get only a few hundred dollars, not big quantities. And as far as I remember those ATM don't have very good prices but again, if you buy only $100-200 you won't even notice that.

[Wiwo]

Privacy concern is probably one reason.

Yes and no, mainly because someone who is going to buy bitcoin at an ATM probably is going to get only a few hundred dollars, not big quantities. And as far as I remember those ATM don't have very good prices but again if you buy only $100-200 you won't even notice that.

Right I will rather choose to spend on the Bitcoin ATM rather than buy, my most satisfaction will be when I can easily pay at a coffee shop with my Bitcoin debit card or using my Bitcoin card in a shopping mall 🏬 to pay for glossaries.
On the issue of kyc I think KYC is only required when you are about to make a Bitcoin purchase over the Bitcoin ATM.

[Leviathan.007]

Bitcoin adoption around the globe is increasing with time. The installation of 3000 more bitcoin ATMs are a proof for the same. Though there is regular installation of bitcoin ATM, it isn't possible to see the same diversified around the globe. Only in specific locations the bitcoin ATMs were getting installed. Maybe this need to get diversified beyond the first world countries where 90% of the bitcoin ATMs were installed.

Indeed, the bitcoin adoption all over the world is increasing and the speed of this process is increasing as well, a few years ago there were a few installed bitcoin ATMs and just in a few countries while none could even imagine the installation of more than 3000 ATMs just in the first quarter of the year 2022 which is really huge amount of atm for bitcoin, however in order to use these machines passing KYC is always necessary and this can be a negative point of the story of bitcoin ATMs

[Anguwa]

To try to see where the increase of bitcoin ATMs takes place during Q1, we can take a look at the growth chart and subsequent territorial charts. The readings are slightly shifted from those in the article (slight date shift), but boil down to:

Code:

Area                          01/04/2022    01/01/2022      Diff Q1        
WorldWide                     36.656         34.293         2.363          
                                                                           
Europe                        1.378          1.398          -20            
USA                           32.223         30.068         2.155          
Canada                        2.346          2.159          187            
UK                            23             99             -76            
Austria                       137            140            -3             
Spain                         196            171            25             
Switzerland                   142            137            5              
                                                                                       

Q1 is really closer to 2K (2.363) than 3K (which is what the article states), but leaving that aside, growth during Q1 is essentially concentrated in the US and at a far distance by Canada.

I don't have adequate knowledge about Bitcoin, but the little I have made think otherwise. So pls I am to ask this question.
If this Bitcoin ATM safe?. Knowing the due processes involved when spending your Bitcoin from your personal wallets made me to think of how safe our personal details will be in the ATM.
Pls shade more light.

[Fundamentals Of]

I cannot see an increase with the figures given. If the year 2021 saw an installation of 20,000 Bitcoin ATMs, and in the first quarter of the year 2022 saw only 3,000, then within this year the number of Bitcoin ATMs installed might decrease compared to last year. That is, if the remaining quarters of the year would only have around 3,000 Bitcoin ATM installation each. So the rate of Bitcoin ATM installation doesn't have a high increase. 2021 had a high increase. 2022 will have a decrease.

[DdmrDdmr]

<…>

That is something to consider on a country basis y country. Even within a single country, the specific ATM company you are going to be using may vary in requirements from the next. Overall, some, to date, still do not require KYC under a certain threshold; others require you to provide a phone number, whilst some require KYC with Id Scans and so forth.

The information they therefore have on you will vary depending on their KYC policy, subject to the country’s legislation on the matter (which can and will vary as time goes by). Now from there on, an ATM company is going to be in possession of the information it obtains, and besides forwarding some to the taxation office if required, it may or may not make proper custody of your data (as any other company). We see leaks and hacks in general terms rather frequently, and any company is potentially subject to it.

One additional thing to consider is how you carry out your address management when using ATMs or other entities. Normally you should consider the strategy you need to use in order for a merchant/corporation from being able to snoop through your complete/partial TX history, and even more so if it could be tied to KYC information.

[yazher]

This is one indication that we are not turning back again and we are gonna proceed and step forward with our new normal regarding our financial activities. The growth of the crypto industry for the past years has no matched compared to this year's growth we are still in Q1 and many positive things have already happened. If we still have this kind of massive ATM installation all around the world this upcoming months, prepare for the positive impact and increase of the price. People are slowly making changes about adopting cryptocurrencies and it would be good if we will have another bull-run this year too.

[Mpamaegbu]

This is one indication that we are not turning back again and we are gonna proceed and step forward with our new normal regarding our financial activities.

That indication is the thrilling point for me, not minding that Africa is nowhere to be found in this scheme of things towards mass adoption for Bitcoin. Governments in Africa are busy making attempts to dissuade their citizens from actively indulging in this new tech. Reason isn't far fetched from the fact that they don't want financial freedom for their people. Look at where the world is today, and look at how Africa lags behind in far distance. It's a shame, really.

[GeorgeJohn]

This is really good news three thousand Bitcoin ATM installed in first quarter of 2022. Cryptocurrency is the future of finance and money also but Bitcoin is the decentralised currency.

The statistics suppose to be higher than portrayed statistics because bitcoin has turn to universal currency which no country today that's not aware of cryptocurrency, so beside bitcoin ATM supposed to be viral because it currency is decentralized and has already dominate half of the world, so Bitcoin is financial freedom.