Bitcoin ATMs Worldwide Hit New Milestone, Surpassing 6,000
Adrian Zmudzinski's original article for cointelegraph.com reduced by 49%
The number of Bitcoin ATMs installed worldwide has now surpassed a new milestone surpassing 6,000. The United States dwarfs other countries in Bitcoin ATMs. Furthermore, 108 machines have been deployed this month and data also shows that the average daily number of Bitcoin ATMs installed is 11 - the fastest pace this year.
Over three-quarters of the machines installed worldwide are in North America, nearly 20% in Europe and only 2% in Asia. Bitcoin ATMs, sometimes referred to as BTMs, allow users to buy BTC, while over 35% of machines also have two-way capabilities enabling sell crypto for cash. "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.". Still, not everyone seems happy about the growth in the popularity of Bitcoin ATMs, particularly in the United States. As Cointelegraph reported yesterday, the U.S.
Internal Revenue Service Criminal Investigation Chief John Fort said that the regulator is wary of the potential tax issues caused by Bitcoin ATMs and kiosks.
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Summarised crypto news.