It’s been a decade since Bitcoin first came into existence but it was only in 2013 that crypto ATMs first popped up.
Though it started with one ATM in November of 2013, it saw a gradual growth and this count surged to 4,700 crypto ATMs all over the world as per the data provided by Coin ATM Radar.
Over these more than 6 years, the crypto ATM installation continued to rise that primarily supported Bitcoin but soon moved on to other cryptos as well such as Litecoin, Monero among others, all over the world.
Out of these 4,701 ATMs, Bitcoin is the most supported cryptocurrency as there are only five such ATM machines that do not support the leading cryptocurrency. Nearly 3,290 crypto ATMs support altcoins with Litecoin having the highest amount of presence that is on more than 3,000 machines.
When it comes to countries, the United States remains at the top spot having these ATMs at 2,921 locations. The US is followed by Canada which has them at less than 700 locations and then Austria and the United Kingdom in less than 300 locations.
Majority of the countries have less than 50 where 24 countries have just one such crypto ATMs while 9 countries have only 2.
A Massive Bitcoin Kiosk Network
This partnership was first formed in January when these Bitcoin Kiosks were launched in selected locations at major US supermarkets. Neil Bergquist, the CEO of Coinme shared the growth has been a rapid one, a 15 percent week over week.
“The response to being able to purchase Bitcoin at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners,” said Jim Gaherity, Coinstar CEO.
Per the official announcement, the network of the digital wallet, crypto ATMs, and private client services has been processing millions of dollars each month.
In the first quarter of 2019, the company saw 38 percent rise in user acquisition, 92 percent increment in transaction volume and a whopping 109 percent growth in the transactions processed in comparison to the first quarter of 2018.
Just recently, XRP users also reported of a crypto ATM in New Jersey that supports XRP transactions. The community hopes that the option will be soon added to crypto ATMs across the country as many users claim ATMs to be easier and faster to conduct crypto transactions despite having higher fees.