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Australia Has Surpassed El Salvador in the Number of Cryptocurrency Atms

Home Uncategorized Australia Has Surpassed El Salvador in the Number of Cryptocurrency Atms

Australia has surpassed El Salvador in the number of cryptocurrency ATMs

The first country to legalize bitcoin, El Salvador has dropped one line down in the overall ranking of installed cryptocurrency ATMs, as Australia has 216 such devices by 2023.

In an effort to make bitcoin legal tender, Salvadoran President Nayib Buquele has planned to install more than 200 cryptocurrency ATMs across the country. And while that made El Salvador the third-largest center for cryptocurrency ATMs after the U.S. and Canada in September 2021, Spain and Australia overtook the Central American country for the number of ATMs in 2022.

In October 2022, Spain became the third-largest country for cryptocurrency ATMs after installing 215 cryptocurrency ATMs. There http://newsaboutcrypto.fun/when-does-crypto-market-open/ are currently 226 crypto-ATMs registered in the state. El Salvador’s fourth position didn’t last long, as Australia stepped up its efforts in the field in the following months.

In the last three months of 2022, 99 crypto-ATMs were placed in Australia, CoinATMRadar data shows. As of January 1, 2023, Australia had 219 active cryptocurrency ATMs, an increase of 7 devices over El Salvador.

Australia accounts for 0.6% of the world’s crypto ATM installations, and at this rate, the country has a good chance of surpassing Asia, which has 312 ATMs. The total number of crypto machines worldwide is 38,602, of which 6,071 ATMs only appeared in 2022.

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