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The Number of Global Crypto ATMs has Increased by 155% in the Last 12 Months
Summary: According to Coin ATM Radar, in the eight years since the first crypto ATM was deployed, the industry has grown to more than 19,000 such machines across the world from nearly 600 operators. In the last 12 months, the number of global ATMs has increased by 155%. In fact, Bitcoin Depot is projected to have ...
According to Coin ATM Radar, in the eight years since the first crypto ATM was deployed, the industry has grown to more than 19,000 such machines across the world from nearly 600 operators. In the last 12 months, the number of global ATMs has increased by 155%. In fact, Bitcoin Depot is projected to have 6,000 ATMs installed by the end of this year.
Bitcoin Depot CEO Brandon Mintz said, "Bitcoin is an inflation hedge due to its finite availability. We've seen this as its value increased exponentially over the last year. Crypto ATMs are only going to increase in demand as consumers from all walks of life look to invest and use crypto in their daily lives to make payments, send remittances, etc. I expect our ATMs to be as prevalent as regular ATMs within a few years."
By Amy Liu
Tags: ATMs,Bitcoin Depot,Crypto
Link: The Number of Global Crypto ATMs has Increased by 155% in the Last 12 Months [Copy]
