The rise of Bitcoin ATMs: How the number of Bitcoin ATMs is growing worldwide

Bitcoin ATMs are storming the market. Not only have the number of Bitcoin ATMs worldwide grown consistently every month since 2015, but this year they have reached new heights. Indeed, there are now nearly 14,000 Bitcoin ATMs in stores across the world. 

Considering that Bitcoin is now the world’s third-largest currency, this is hardly surprising. People all around the world are looking to invest, exchange and sell their Bitcoin. And Bitcoin ATMs provide the perfect way for them to do so. 

Not only do Bitcoin ATMs allow people to convert their physical money into digital Bitcoins but they make the intangible tangible. Previously the only way for people to buy Bitcoins was online. However, with Bitcoin ATMs people can now simply walk into a store and buy Bitcoins instantly. 

Indeed, Bitcoin ATMs make it much more convenient for people to purchase Bitcoins by dramatically increasing the transaction speed and allowing even unbanked citizens to purchase Bitcoins. Many Bitcoin ATMs also allow people to buy and sell other cryptocurrencies too.  

In fact, cryptocurrency ATMs are becoming so popular that the crypto ATM market is expected to reach USD 144.5 million by 2023 from USD 6.8 million in 2017. That is a CAGR of 54.7%. With such huge potential, it is no wonder Bitcoin ATMs are on the rise. 

If you are interested in investing in a Bitcoin ATM for your business, below we explain just what a Bitcoin ATM is, what are their many advantages, and how you can install a Bitcoin ATM in your business today. 

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