Australia has replaced El Salvador as the fourth-largest center for cryptocurrency ATMs. The abrupt change happened when Australia put 99 cryptocurrency ATMs up around the nation in the final quarter of 2022. Australia has 216 operating crypto ATMs as of the time of publishing.
El Salvador has been promoting the widespread use of cryptocurrency. It became the first nation to recognize Bitcoin as a valid form of payment. Since achieving that significant milestone, the Nayib Bukele-led administration has made significant strides in promoting crypto-centric payment options. In September 2021, there will be more than 200 crypto ATMs spread around the nation.
Before then, El Salvador had the third-highest cryptocurrency ATMs worldwide, after only the United States and Canada. The rankings changed in October when Spain installed 215 digital asset ATMs to take over third place. Since then, the country has increased to 226 as 2023 gets underway, displacing El Salvador, which is now again in last place. Only 7 ATMs separate Australia and El Salvador; if Australia stops making advances, the opposition may eventually overturn that lead.
The calculation for Australian ATMs indicates that 0.6% of all ATMs are placed globally. The nation is gradually attaining the objective of having 3,000 ATMs by 2027.
Crypto ATMs installations hit an all-time high
Crypto ATMs are at an all-time high of around 40,000 machines, according to CoinAtmRadar, an internet analytics business that counts the number of installed crypto ATMs globally. Data indicates that during 2018, the number has grown dramatically and continuously. Despite the continuing “crypto winter” and upcoming governmental penalties that are anticipated to impact the crypto sector due to the FTX fiasco, 2022 has achieved the most significant numbers.
More than ever, the widespread use of cryptocurrency payment methods is coming as decentralized finance expands dramatically. Several businesses, like chart suppliers and analysis tool Trading View, now offer cryptocurrency payment plans. MasterCard is one of the enormous businesses leading the development of crypto payment systems.
The payment processor has gained notoriety after partnering with BitOasis and other companies to spread awareness of crypto-payment systems worldwide.
