Bitcoin Teller Machines Surge Globally

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the-rise-of-bitcoin-teller-machines-bitcoin-atmsIn a cash-centric world, ATM machines have a proven track record for facilitating economic exchange through the dispensing of cash and, in some cases, deposit acceptance. Now over the course of several years, Bitcoin Teller Machines (BTMs) offering similar features and beyond are being situated in various locales throughout the world, with the goal of further narrowing the conversion gap between fiat and bitcoin. As this growth trajectory continues to take shape, these machines are increasingly seen as pivotal to the expanded use and mainstream adoption of Bitcoin globally.

So how vast is this emerging Bitcoin teller machine landscape? According to CoinATMRadar, an online site for bitcoin and other cryptocurrency ATM locations, nearly 800 BTMs are now functioning worldwide. The largest number of machines are housed in the U.S. (approximately 427 at last count).

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