Number of Bitcoin ATMs Up 85% This Year

Though the title states the growth in the amount of Bitcoinatm’s is due to the ‘rona and people going for contactless payments, I believe this is simply due to the growth of Bitcoin as a whole. Wrong or right, I’mjust glad to see Bitcoin spreading!

Number of Bitcoin ATMs Up 85% This Year as Coronavirus Drives Adoption

“The number of bitcoin automated teller machines (ATMs) across the globe has surged this year amid the coronavirus-induced shift toward contactless payments.

Bitcoin (BTC, +3.18%) ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.

The spike demonstrates the rising popularity of bitcoin as a payment mode. The fear of getting a coronavirus infection has accelerated the growth in the broader contactless payment market this year, according to Global Trade Magazine.”


Master Asked on November 11, 2020 in Bitcoin.
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