Bitcoin ecosystem makes a U-turn recovery in global ATM installations
Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June.
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Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June.
Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling 89.75% from December 2021’s 1971 new installations.
The evident reduction in the installations of crypto ATMs could result from the regulators' hesitance to adopt the Bitcoin ecosystem.
During the last 12 months, there’s been an exponential number of cryptocurrency automated teller machines (ATMs) installed as data shows that 20,000 crypto ATMs were installed last year. This year…
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1,817 crypto ATMs have been installed worldwide in the first two months of 2022. Last year saw 2,435 crypto ATMs installations in the same time window.
The move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public.
Uruguay’s first crypto ATM has been installed in the coastal city of Punta del Este, a major tourist attraction in the region.
Santo Blockchain’s plans in Latin America consist of 300 Bitcoin ATMs, a layer-2 wallet and a Bitcoin debit card.