In 2013, the world saw the debut of the first Bitcoin ATMs , when a company called Robocoin put a machine in a cafe in Vancouver.
Allowing customers to trade Bitcoin for cash and vice versa, the machine saw $ 10,000 in BTC traded on its first day.
Now that we are a month from the end of 2020, the estimated number of encrypted ATMs worldwide that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is around 11,665 ATMs, according to CoinATMRadar .
This reflects a notable increase in the number of encrypted ATMs compared to last year. The number of ATMs encrypted at the end of 2019 was estimated at 6,372 machines; now, as we approach the 2020 farewell, there has been an increase of almost 80%.
CoinATMRadar also shows that the number of encrypted ATMs is constantly increasing by an average of 23 machines every day, or almost one new ATM per hour.
The United States has recorded the world’s fastest spread of encrypted ATMs and has acquired most encrypted ATMs in its territory. The number of encrypted ATMs located in the United States increased from 4,213 ATMs in 2019 to 9242 ATMs in 2020, an increase of more than 50%. The United States currently represents about 79.2% of the total number of encrypted ATMs in the world.
There is also an increasing diversity in the spread of encrypted ATMs in the United States, with locations in small stores, shopping malls, transportation centers and even one at Tesla Gigafactory.
Completing the top five is Canada, in second place, with 880 ATMs; the United Kingdom in third with 268 machines; Hong Kong in fourth place with 62 machines; and finally Colombia, which recently showed great interest in establishing ATMs encrypted with 59 machines.
In Africa, South Africa occupied the leadership of the continent with 6 machines, but care must be taken, as Nigeria, the continent’s largest economy, has shown growing interest in the last year.
At the level of companies that manufacture encrypted ATMs, Genesis Coin ranked first in the world, with the San Francisco-based company spreading 4,000 encrypted ATMs worldwide, followed by General Bytes with 3,442 ATMs.
The significant growth in the number of encrypted ATMs in 2020 demonstrates the growing interest of retail buyers and financial institutions, including the financial giant Paypal.