Number of Bitcoin ATMs Up 85% This Year as Coronavirus Drives Adoption
BFC Enterprises • Jan 06, 2021

Published Nov 11, 2020 | , Coindesk

The number of bitcoin automated teller machines (ATMs) across the globe has surged this year amid the coronavirus-induced shift toward contactless payments.

Bitcoin (BTC, +3.63%) ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.

The spike demonstrates the rising popularity of bitcoin as a payment mode. The fear of getting a coronavirus infection has accelerated the growth in the broader contactless payment market this year, according to Global Trade Magazine.

The U.S. added over 800 ATMs in October alone and is leading cryptocurrency adoption, followed by Canada and Germany, as noted by Coin ATM Radar.

With several public companies investing in bitcoin and online payments giant PayPal adding support to the cryptocurrency, mainstream adoption could continue to grow.

Contact Us

3 Great Reasons to Add Coin-Operated Pool Tables to Your Establishment

By BFC Enterprises • 16 Apr, 2024
Pool has been a staple in American culture for decades and can be placed in a variety of locations. But did you know they can help you generate more income? Here are three reasons to add coin operated pool tables to your establishment.

Making the Call: Own Your ATM or Get Professional Help?

By BFC Enterprises • 16 Apr, 2024
Thinking about adding an ATM to your retail store? It's a great idea, but there's a lot to consider before you decide if you’ll go it alone or if you’ll need a partner by your side. Let's break it down the ATM placement options.
Share by: