Spain, a European country, is officially home to the third largest Bitcoin network (Bitcoin) and cryptocurrency ATMs after the US and Canada.
Spain currently hosts 215 crypto ATMs, pushing El Salvador (212 crypto ATMs) down to fourth place after surpassing the country with three crypto ATMs. data According to CoinATMRadar, Spain has been confirmed to account for 0.6% of the world’s crypto ATM installations.
Furthermore, with this revelation, Spain was the largest contributor to crypto ATMs in Europe, accounting for 14.65% of the continent’s total installations, followed by Switzerland (144 ATMs), Poland (142 ATMs), Romania (135 ATMs) follows.
In 2022 alone, Spain will have installed 43 cryptocurrency ATMs, with a shared intention to install over 100 total ATMs by the end of the year, bringing the total to about 300 cryptocurrency ATMs when completed. .
such as German consumer electronics retailers MediaMarkt and Confinity, Leading the installation of encrypted ATMs It spans Austria, Germany, Spain and Greece.
on the contrary, The number of virtual currency ATM installations in the world has decreased since September It’s 2022 and we’re on a slow recovery path at the time of writing. Based on data from the last 60 days, we can see that around 7 encrypted ATMs are installed every day around the world.
Greece occupies the sixth spot in terms of cryptocurrency ATMs, and with the influx of tourists, bitcoin ATM operator BCash shared an insight into the country’s usage statistics.
Dimitrios Tsangaridis, managing director and co-founder of BCash, told Cointelegraph that despite installing cryptocurrency ATMs in tourist hotspots, most usage is in major cities. It was revealed that it was from the department.
However, as Tsangaridis explained, Crete attracts a “very loyal cryptocurrency crowd.”
“Heraklion, Crete has a strong crypto community [which is] One ATM location. ”
According to Tsangalidis, the combination of crypto winter and tourist season has reduced normal traffic at crypto ATMs.