blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Spain Secures No. 3 Slot Among Largest Crypto ATM Hubs

Umair Younas by Umair Younas
October 22, 2022 - 2:51 pm
in adoption news, bitcoin news
0
Spain
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Spain now has successfully installed 215 crypto-automated machines (ATMs) to become the 3rd largest crypto ATM holding country. Previously, this title was occupied by El Salvador which has 212 crypto-specific ATMs at the moment. Now Spain has taken a lead of three ATMs over El Salvador to grab the third spot. The United States still hold the first position with more than 2k crypto and Bitcoin (BTC) ATMs. Most people are using crypto ATMs to liquidate their crypto holdings.

Spain Becomes The Largest Crypto ATM Hub in Europe

A prominent European country, Spain, has now officially become the largest crypto ATM holding country in Europe. In numbers, no other European country is close to Spain at the moment. Globally, Spain now ranks third after the US and Canada respectively. Other European countries with a considerable number of crypto ATMs include Switzerland, Poland, and Romania with 144, 142, and 135 crypto ATMs respectively.

If we look at the percentage, Spain holds only 0.6% of crypto ATMs in the world. On the other hand, the whole of Europe only contains 3.8% crypto ATMs. This is very small if compared to the US which currently has 87.4% of the world’s crypto ATMs. Bitcoin ATMs (BTMs) are not included in this percentage.

At the beginning of 2022, Spain was no way near El Salvador because there was a difference of 40 ATMs. In the last 6 months, Spain has installed 43 machines to reach a total of 215 machines. Spain has announced its intent to install a total of 100 crypto ATMs before the end of this year. Hence the total number of crypto ATMs in Spain will rise significantly but it would have no impact on the ranking because Canada, which is in the second spot, has around 2k crypto and Bitcoin (BTC) ATMs.

Global Scenario of Crypto ATMs Installations

German electronic merchant, MediaMarkt, is leading the crypto ATM installations drive in Europe, especially in Germany and Spain. The European countries which depend on tourism like Switzerland and Greece have sped up the crypto ATM installation process. At the moment, Greece is at number six just below Switzerland. According to the ATM managing firm, BCash, the crypto ATM installed in the Heraklion city of Greece is attract the largest number of traffic.

Overall, the installation of new crypto ATMs is on the decline. The possible reason behind this decline is probably the ongoing recession in the crypto market that has kept the whole blockchain and DeFi sectors on the back foot. The Fear and Greed index is constantly in the red zone with a score of less than 30. On average, 7 new crypto ATMs are being installed worldwide. Asia is currently the least interested continent in crypto overall.

According to Tsangalidis, the managing director of BCash (a crypto ATM operator) the mostly used crypto ATMs are the ones which have been installed on urban locations. He also accepted the fact that the ongoing bear market has affected the traffic on crypto ATMs.

Tags: AdoptionAltcoinsBitcoinBTCCryptoCryptocurrency
ShareTweet
Umair Younas

Umair Younas

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Recommended For You

Justin Sun Says His KPI for Current Year Is to Make TRX Adopted by 5 Countries as Their Legal Tender

by Umair Younas
January 29, 2023 - 10:41 am
0
Tron TRX

Justin Sun labelled this objective as ambitious. Nonetheless, he noted that dedication and hard work can play a significant role in achieving his goal.

Read more

Top Crypto News This Week, Bitcoin and Ethereum in the Spotlight

by Umair Younas
January 29, 2023 - 5:10 am
0
Crypto Trading

This week, 23 Jan - 28 Jan, we saw hustle and bustle in the crypto market especially from Bitcoin, Ethereum and Celsius' narrative.

Read more

Prosecutors Request Judge to Strengthen Bail Conditions for Sam Bankman-Fried

by Umair Younas
January 28, 2023 - 5:55 am
0
SBF FTX

U.S. prosecutors petitioned a Manhattan magistrate for stricter bail restrictions for Sam Bankman-Fried citing that he influence witness testimony.

Read more

Argo Lawsuit Development: Johnson Fistel Requests Information from Shareholders

by Kester Odero
January 27, 2023 - 9:15 am
0
Argo Blockchain

As per Johnson Fistel, LLP, Argo Blockchain plc investors filed a class action case targeting investors who have been linked with fraudulent acts.

Read more

Hut 8 Issues Update on Its Litigation against Validus over North Bay-based Mining Facility

by Umair Younas
January 27, 2023 - 8:00 am
0
hut 8

Hut 8 pursues compensation for all the damages caused because of Validus’ violation of the Power Purchase Agreement (PPA).

Read more
Next Post
Ethereum

Ethereum Token Supply Declines and Heads to Reach Pre-Merge Levels Soon

PARTNERS LIST

PRESS RELEASE

China’s “Instagram” chooses Conflux Network for permissionless blockchain integration

by chainwire
January 25, 2023 - 8:42 am
0

Toronto, Canada, 24th January, 2023, ChainwireLittle Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain...

snowfall protocol

Snowfall Protocol (SNW) Takes the Spotlight as Waves (WAVES) Founder Unveils New ‘Undepeggable’ Stablecoin and Ripple’s (XRP) New Commercial Released

by Max Clark
January 25, 2023 - 7:02 am
0

The cryptocurrency market has seen its fair share of ups and downs, but one project that seems to be gaining...

Snowfall

Binance (BNB) Will Back Terra Classic’s Upgrade, Cardano (ADA) Introduces Custom-built Sidechains, Snowfall Protocol (SNW) to Have its Grand Launch Soon

by Wayne Jones
January 24, 2023 - 4:53 am
0

While the former two are in the headlines due to recent changes in their ecosystem, Snowfall Protocol (SNW) is all...

Snowfall Protocol

Terra Classic (LUNC) and Polygon (MATIC) Shows Instability Signs, While Snowfall Protocol (SNW) Presale Raises $4M

by Max Clark
January 23, 2023 - 12:00 pm
0

This article will critically examine why Snowfall Protocol (SNW) is gaining ground and why Polygon and Luna Classic's (LUNC) price...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.