In March, 355 new ATMs were installed in the United States.
In Latin America, only Peru added an ATM at that time.
The number of ATMs for Bitcoin and other cryptocurrencies worldwide rose by more than 5% in March. According to the company Coin ATM Radar, 7,010 to 7,386 devices were in operation during this period.
The numbers were released on April 5 in the March 2020 Bitcoin ATM Market Dynamics report. According to the study, a total of 484 new ATMs were installed during this period, although another 108 computers were also decommissioned, which is the final figure for an increase of 376 ATMs compared to the beginning of the year.
The increase in equipment was mainly due to the equipment installed in the United States. In the North American country, the world market leader for ATMs with cryptocurrency, there was an increase from 355 teams to a total of 5,194. Canada followed with an increase of 12 ATMs; and the Netherlands, which increased their number by 5 new teams.
In the case of Latin America We can highlight Peru as the only country with new ATMs. Two to three ATMs were operated, particularly in Peruvian territory. The other country in the region mentioned in the study is Panama, but due to the decrease from 15 to 14 teams operating in the country.
The report highlights the case of the Bahamas, where the only active ATM has been deactivated. It also shows the decline in options in Austria. All in all in the European country there was a decrease of more than 7%. Instead of the 142 ATMs that were active at the beginning of the year, there are 131 in Austria.
More options for other cryptocurrencies
Almost all of the 7,386 ATMs available worldwide use Bitcoin. All in all 7,381 of these teams support the market’s groundbreaking cryptocurrency. Support for so-called altcoins has also increased in the last month.
According to Coin ATM Radar data, this increase was small. But Currently, 70% of the ATMs were sufficient to accept other cryptocurrencies in addition to Bitcoin. There are a total of 5,172 that support alternative currencies. Of these cryptocurrencies, Litecoin stands out with support from more than 5,000 ATMs. Ether (ETH) is available at more than 4,500 ATMs.
Among its conclusions, the study highlights the contrast between the negative behavior of the market and the increase in ATMs in the world. In this context, the report found that “the number of new machines continued to grow relatively stably in contrast to the Bitcoin price.”
As a matter of fact The increase has held its course, considering that at the beginning of the year there were hardly more than 6,300 ATMs worldwideas reported by CryptoNews last January.