The number of Bitcoin vending machines is growing steadily, almost exponentially. These Bitcoin ATMs have even just passed the symbolic bar of 10,000 machines installed worldwide.
+67% of Bitcoin ATM in 2020
According to a recent report from Norwegian financial services company AksjeBloggen, the growth in the number of Bitcoin (BTC) vending machines has never been stronger than this year, which is not even over yet.
Since the beginning of 2020, ATMs offering Bitcoin and other cryptos have jumped by more than 67% worldwide. Indeed, if there were already 5,795 machines installed in December 2019, we can now count 10,025 according to the regularly updated data from the statistics site Coin ATM Radar.
The increase is even more significant in the United States, which has 78% of all such bitcoin distributors. Over one year, from September 2019 to September 2020, the number of BTC ATMs in the United States increased from 3,332 to 7,567 machines, a 127% jump.
Bitcoin, Litecoin and Ethereum on the podium of crypto ATM
No one will be surprised, but the Bitcoin King is available on almost all existing cryptos distributors: 10,020 out of the 10,025.
A little less expected, Litecoin (LTC), Bitcoin’s “little brother” created in 2013, comes in second place, with 6,688 compatible machines to its credit.
The ethers (ETH) of the Ethereum network completed third place on the podium, with support by 5,897 ATM.
Noteworthy in this ranking is the recent appearance of dispensers compatible with the BTCs of Bitcoin’s Lightning Network (9 machines).
The manufacturers Genesis Coin and General Bytes largely dominate the ATM cryptos market. They alone account for nearly two thirds of the machines manufactured: respectively 35 and 29% of the distributors.
If the bullish sentiment that is pervading the cryptosphere were to materialize, the current trend of rapid growth in the number of Bitcoin ATMs is not likely to be reversed any time soon.