The surge of bitcoin in 2020 by 200 percent has brought many changes in the market. It not only managed to get new trends by the Cryptocurrency lovers, and of these that came into the picture were the Bitcoin ATMs. It was first heard last year, and since then, the sound went on escalating in the coming days and weeks.
In just a few months, by March 2021, the number of bitcoin ATMs, often termed as BTC USD, soared by 70 percent, and this has been witnessed in the last few months. As per March reports, the number of bitcoin ATMs went to around 16555 claimed the reports in the same year. If you do not know the term Bitcoin ATM, it is nothing but a kiosk, which helps anyone to buy bitcoin with the help of your debit card or even cash. Some of the companies have even seen offering both the procurement of bitcoin along with the bitcoin for cash sale.
As per the reports of the portals like – Immediate Edge and other trading platforms, the BTC ATMs act like a convenient and instant method for transferring the fiat currency or cash into the form of bitcoin or any other digital currency. The same reports also suggest that apart from the United States, the countries like the United Kingdom and Canada are among the nations that carry the huge number of bitcoin-based ATMs, and at the same time, the trend of having the Bitcoin-based ATMs are also gaining popularity in other nations as well. The reports suggest that with volatile-based markets and financial situations, more and more people now want to convert their official fiat currencies into digital coins and assets that remain away from the clutches of the government or the central bank’s regulations.
As per the Coin ATM Radar reports, the United States is among the ones that remain on the top when it comes to digital currency-based ATM markets. With 84 percent of different Bitcoin ATMs growing on a global basis, we see such reports coming in March 2021 that BTC ATMs are now operating at the pace of 85 percent in the past six months of the same. Earlier in 2020 September, we saw the number of ATM machines to be around 7.5K in the entire US, while by the end of February 2021, the total number of BTC ATMs rose to 14K. We have seen Bitcoin-based ATMs to be the second-largest companies and the country Canada that are seen coming along with some impressive kind of growth that has seen with the growing number of Bitcoin-based ATMs that are seen with the rise from 860 to 1260 from September to March respectively.
The UK-based market of Bitcoin has remained on the top in the top three markets, along with adding the number of markets in the coming time. The total number of Bitcoin-based ATMs was seen getting plagued by a decent surge of 25 percent in the previous six months that went on the number of around 195 in the month of March. Apart from the above said three companies, we now have other nations in Europe like Austria, Poland, and Spain also following the same with the number of ATMs going in this country. Austria has 154 ATMs, Spain has 121, and Poland has 107 Bitcoin-based ATMs. There are several reports and surveys about how Bitcoin-based companies are seen rising with their market share by around 40 percent, and they are coming up with 6K of Bitcoin-based ATMs that are seen operating all across the world this month of March.
We have also seen the companies like General Bytes are also seen ranking high that has been in the market of manufacturing bitcoin-based ATMs. They have gained a good market share by developing a good chunk of ATMs. The other two companies that are seen manufacturing the same include Coinsource and BitAccess, which seem to have followed with 1,578 and 1,214 Bitcoin-based ATMs, respectively. Although there are several more digital currencies that are witnessed under pressure this Monday, the market for the same seemed to have come along at a higher pace. Bitcoin seemed to have come up with a surge of 400 percent.
