Recently the total number of Bitcoin (BTC) ATMs worldwide surpassed 6,000 instalments thus crossing the new milestone.
According to CoinATMRadar there are currently 6,004 machines installed worldwide, with 65% of them are United States itself.
Furthermore, there are about 108 machine that have been deployed currently, the data further concluded that the average daily installs are 11, the fastest pace recorded this year.
While seeing at the number of machines installed worldwide North America tops the list, 20% are in Europe with only 2% in Asia.
The U.S has about 3,924 ATMs, followed by Canada with 653 ATMs while the other top four countries are the United Kingdom with 272 ATMs, while Austria with 189 ATMs respectively.
While seeing at the recent growth of the ATMs back since June Bitcoin ATMs that are sometimes referred as BTMs significantly allows the users to buy BTC while about 35% of them even have the capability of two-way capabilities like enabling sell crypto to cash.
The aim of the firm behind installing such BTMs as claimed by the co-founder and chief strategy officer Doug Carillo is that Bitcoin is useful to travellers to this he added,
“More and more people prefer to travel with Bitcoin instead of cash for convenience and security. Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad.”
But still some of them are not happy with the growth and popularity of the Bitcoin ATMs most particularly from the United States because due to the U.S Internal Revenue Service Criminal Investigation John Fort who thinks that potential tax issues are caused by the Bitcoin ATMs and Kiosks.
As per Fort:
“The firm should abide by the same Know-Your-Customer, Anti-Money Laundering regulations, and we believe some have varying levels of adherence to those regulations”.