El Salvador became the first country to accept bitcoin as currency this year.
There are now close to 34,000 cryptocurrency ATMs available globally that offer users options to buy and exchange cryptocurrencies.
Considering the fact that not all Bitcoin ATMs might be tracked by Coin ATM Radar, the real number might be much higher. Bitcoin ATMs are particularly appealing to crypto investors as they can circumvent the tedious Know Your Customer procedures common on cryptocurrency trading platforms. which became the first country to accept Bitcoin as currency this year, already has 205 machines, overtaking European countries like Spain, which has less than 200, and Austria with 142. The UK has only 101 functioning crypto ATMs at present.A number of companies now manufacture ATMs supporting cryptocurrencies with the biggest being Genesis Coin which has almost 14,000 devices, General Bytes with more than 7,500, and Bitaccess with close to 5,000.
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