Amid Coronavirus Epidemic BTC ATM’s Total 7,500 Worldwide

Amid Coronavirus Epidemic BTC ATM’s Total 7,500 Worldwide

Since 2019, the Bitcoin (BTC) ATM technology sector has skyrocketed at a 70% pace. A total of Bitcoin ATMs have now crossed 7,500 in various parts of the world. Notwithstanding existing legal crypto-currency obstacles, with 5,422 working Bitcoin ATMs already in business in the United States alone as announced in the news on 20 April 2020.

Global Adoption of Bitcoin
While the flagship cryptocurrency is Bitcoin (BTC) and the inherently unstable aspect of the market, it seems like the economic system is slowly becoming receptive to the blockchain-based currency as risks in the conventional monetary system continue to develop.

Bitcoin ATM has increased by 70% since last year and over 7,500 Bitcoin ATMs worldwide now, which suggests increasingly people entered the crypto space, according to close sources. Bitcoin ATM has however risen in recent growth.

Circulation of BTC ATM’s
The US maker of Bitcoin ATM Genesis Coin occupies the leading role in the ATM industrial sector with a total of 2,575 deployments (33.8%), followed by general bytes (30.7%).

Although Bitcoin ATMs are still rising in popularity, legal instability often cripples its activity in certain territories.

Bitcoin ATM’s penetration in all continents shows that North America is in the frontline, with Europe (16% worldwide), South America (0.8%) and Asia (1.7%), with Hong Kong responsible for 0.7% of the Bitcoin ATM market in the zone.

The United States is overwhelmingly dominant in Bitcoin ATM with 5,422 ATM (70% worldwide), Canada following (9,5%), the United Kingdom with 279 (3.7%), while the operational Bitcoin ATMs of Austria are 137 (1.8).

With the coronavirus global epidemic already devastating the world and its financial system, growing numbers of people now regard cryptocurrency as a safe-haven asset and are growing their assets to ensure their financial security.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.