Australia more Bitcoin ATMs now than El Salvador

AUSTRALIA NOW HAS MORE BITCOIN ATMS THAN EL SALVADOR 

The number of cryptocurrency ATMs in Australia has increased significantly in recent times and is now higher than in El Salvador, where bitcoin is legal tender. Spain and Poland have also surpassed El Salvador in terms of the number of such machines. Read on to learn more about the development of the cryptocurrency ATM market in El Salvador and how it compares to other countries.

Increase in the number of cryptocurrency ATMs in Australia 

The number of ATMs in Australia has increased significantly over the past few months and is now higher than the number of such machines in El Salvador, where bitcoin is legal tender. Moreover, Spain and Poland have also surpassed El Salvador in terms of the number of such machines. According to Coinatmradar.com, the most cryptocurrency ATMs are in the United States, Canada and Spain - 33,950, 2,649 and 273 locations respectively.

Australia in 4th place

The difference between these countries is huge. Australia is currently in fourth place, with 0.6% of the total number of cryptocurrency ATMs in the world, which means 225 machines. Most are in Melbourne (65), Sydney (48) and Brisbane (33).

Poland with 222 locations of cryptocurrency ATMs

Behind the continent is Poland with 222 locations.vast majority of devices, as many as 67, were installed in the capital of the country, IN WARSAW, followed by Kraków with 42 ATMs. If you want to find out where, see the article WHERE TO WITHDRAW BITCOIN IN POLAND.

Comparison from coinatmradar shows ranking in number of devices

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El Salvador ranks sixth in the list of 212 countries for the number of crypto ATMs

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Currently, El Salvador ranks sixth in the list of 212 countries for the number of crypto ATMs. Most of them, 28 pieces, are located in the capital of the country - San Salvador, and another 25 in the city of Santa Tecla. Other ATMs are located in various places in El Salvador. In 2021, Bitcoin was declared legal tender in the country, drawing criticism from cryptocurrency skeptics and opponents both inside and outside the country. 

Development of the cryptocurrency ATM market in El Salvador and comparison with other countries

The government of El Salvador also decided to install about 200 ATMs to promote Bitcoin adoption, which allowed it to rank third in the world in terms of the number of such devices, after the United States and Canada. Since then, El Salvador has been overtaken by Spain, Australia and Poland in terms of the number of crypto ATMs.

"Reports in August last year suggested that Bitcoin ATMs in El Salvador were "empty" just a year after they were launched. El Salvador now ranks sixth in a list of 212 countries for the number of crypto ATMs, while Switzerland ranks seventh with 155 such machines. 

AustraliaATMs - a record number of devices installed in the last 4 months

Each of the last four months has been a record for the number of crypto ATMs installed in Australia, with a total of 148 during those months. This is 64 less than the number of ATMs installed in El Salvador. 

Growth in the number of crypto ATMs in Australia, Poland and Spain brings higher positions in the ranking of countries with the largest number of such machines

There are currently approximately 38,611 such machines installed in the world, of which 94.4% are in North America, with 86.9% in the United States and 6.6% in Canada. Europe has 3.9% of ATMs, Asia has 0.8%, Oceania has 0.6%, South America has 0.3% and Africa has 0.1%.

Spain is the European "capital of ATMs" with 0.6% machines, followed by Poland, Romania and Switzerland with 0.4%. South America's leaders are Colombia and Brazil, with 0.1% each.

Meanwhile, in Africa, South Africa is at the top with 19 machines, which is less than 0.1%. In second place are 3 ATMs in the United Arab Emirates and 2 in Nigeria. 

Watch the increase in crypto ATMs in Australia

Data from January 1, 2023 shows that there are 92 fewer crypto ATMs in the world than before. Despite this, the last two years have seen a significant increase in the number of such devices, especially since the beginning of 2021. According to the website, the top 10 operators operate 67.8% (26,177) of crypto ATMs, while the other operators operate 32.2% (12,434) of such devices.

‍If you are interested in this article, please also see HISTORY OF ETHEREUM.

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