According to new research from the firm known as Data Light, the latest digital currency news show that the number of crypto ATMs has doubled this year as the global acceptance and adoption of cryptocurrencies like Bitcoin became more visible.
According to Bitcoin.com, there are now more than 4,000 cryptocurrency ATM machines spread across 80 countries that facilitate the exchange of fiat currency for digital assets. As Data Light’s research noted, an average of six machines per day throughout the year was the normal installation rate.
As the report shows:
“Even despite the ongoing bear market, the number of crypto ATMs double in 2018. Apart from Bitcoin, such machines offer Ethereum, Dogecoin and other cryptocurrencies. It’s obvious that the year been good for the crypto-ATM business as on average there were 6 crypto ATMs installed each day.”
When it comes to adoption, blockchain and cryptocurrencies have been standing still this year. The Lighting Network has been announced to be launched, the RippleNet received commercial adoption and the ASEAN region brought more regulatory clarity regarding cryptocurrencies and blockchain and such developments which are all factors that pushed the adoption of crypto ATMs.
This is how the world adopts a new kind of ATMs – the ones that sell crypto. pic.twitter.com/qD1tIFNYsp
— DataLight (@DataLightMe) December 19, 2018
The progress has been seen even with nations adopting cryptocurrencies. One example is Venezuela and its own token called Petro – as well as Malta with its continuous commitment to technological advancements.
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