Reported by CoinATMRadar, the crypto version of the traditional ATM machines is now taking the world. With more than 5,000 BTMs, the world of crypto is becoming more accessible to the average user.
Following the latest stats, there are now 5,006 standalone BTMs. The devices enable people to execute a variety of financial services. The most popular crypto ATMs are of course Bitcoin ATMs, allowing people to exchange Bitcoin for cash. As of today, U.S. has the most BTMs across the country, leading the list of global locations to have adopted the technology.
Along with the classic BTM machines, other methods are procuring Bitcoin too. The U.S. is soon to be bringing the machines to Circle K stores in Nevada and Arizona.
“We are thrilled to be partnering with a respected organization like Circle K.” said Marc Grens, co-founder and president of DigitalMint – a cryptocurrency provider.
The increasing competition in the BTM market will likely end up reducing the exchange fees for users, currently being noticeably higher for BTMs rather than online exchange alternatives.