ATMs that support digital coins and cryptocurrency have increased parallel to the trend on the market since the beginning of the year, reports Bitcoin.com.
With the promising start this year had with cryptocurrencies – Bitcoin itself has risen from a price of below $7000 since the first days of January to about $10,000 during the ides of February (an increase that many attributed to the spread of the Novel Coronavirus) – interest is returning to the crypto space. More people are seemingly looking to invest in digital assets.
Bitcoin ATMs are an accessible way to acquire cryptos for those who are looking to enter the ecosphere, and, according to Google Trends, people have been asking for this type of thing more and more in the last few years.
The number of newly installed Bitcoin ATMs has continued to grow at a stable rate this year, according to CoinATMRadar. January 2020 reports show that there were 6377 operating devices around the world when the year began – 432 machines were launched during the month, while only 104 were closed, representing a net growth of 5.1%.
Most of the machines allow you to buy and sell multiple currencies. Bitcoin core (BTC) is the most widely supported Bitcoin on all but three of the 6833 active ATMs for obvious reasons. Around two-thousand devices currently offer Bitcoin cash. Other currencies being offered in cash by certain devices include zcash (ZEC), dogecoin (DOGE) and monero (XMR), though these currencies have decreased in relation to Bitcoin within the ATMs.
In South Africa, there are currently seven Bitcoin ATMs. 1 in Johannesburg, 2 in Pretoria, 1 in Nelspruit and 3 in Cape Town. The US is currently the country with the highest number of Bitcoin ATMs, having the vast majority at 4874. They are followed by Canada at 742 and the UK with 306.
Edited by Luis Monzon
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