Satoshi Nakamoto Blog
Image default
NEWS

Bitcoin [BTC], altcoin ATMs have doubled in 2018, according to crypto data analytics firm |


According to a research firm known as Data Light, the number of crypto-ATM’s doubled this year as the global acceptance and adoption of cryptocurrencies became more visible. As per Bitcoin.com, there are now more than 4,000 cryptocurrency teller machines spread across 80 countries to facilitate the exchange of fiat currency for digital assets.

An average of six machines per day throughout the year was calculated to be the installation rate by Data Light. In a tweet, the company, which is a cryptocurrency data analytics platform, suggested:

“Even despite the ongoing bear market, the number of crypto ATMs double in 2018. Apart from Bitcoin, such machines offer Ethereum, Dogecoin and other cryptocurrencies. It’s obvious that the year been good for the crypto-ATM business as on average there were 6 crypto ATMs installed each day.”

On the adoption front, the blockchain and cryptocurrency space has shown zest, especially in 2018. The Lightning Network has been announced to be launched, the RippleNet received commercial adoption, the ASEAN region brought more regulatory clarity regarding cryptocurrencies and blockchain and such developments have pushed the adoption of cryptocurrency ATMs.

Even when it comes to nations adopting cryptocurrencies as their national choice of money and others exploring the option, there has been remarkable progress. Countries like Venezuela, with their own token called Petro, and Malta, with its commitment to technological advancement, have been a huge contribution to the acceptance of digital assets.

However, this year also experienced a noticeable decline in the market front as most of the cryptocurrencies witnessed devaluation after peaking. Bitcoin, as well as almost all altcoins, were believed to have faced a steep collapse of more than 80% in their value since December 2017.

Robbie Coon, an entrepreneur and a blockchain space follower on Twiter, stated:

“Currently watching a bitcoin atm being installed at the mall.
The future sure is weird.”

Chris McAlary, a cryptocurrency, and blockchain space enthusiast, also wrote:

“Santa’s coming early! 25 brand new @coincloudATM BTMs being installed before Christmas. #bitcoinnews #bitcoin #bitcoinatm”

The post Bitcoin [BTC], altcoin ATMs have doubled in 2018, according to crypto data analytics firm appeared first on AMBCrypto.



Source link

Related posts

XRP/USD Technical Analysis: Price to stand still after a short bearish run

satoshi

Security Token Startup Polymath Locks up 75 Million Tokens

satoshi

Paperspace raises $13M for its AI cloud computing platform

satoshi

PwC FinTech Lead Shares Positive Outlook for Crypto Market in 2019

satoshi

Bitcoin Price is Stable Despite this Week’s General Decline in the Stock Market

satoshi

FAANG Stocks Lose Over $1 Trillion – More Than All Cryptocurrencies Combined

satoshi