Countries That Have The Most Crypto ATMs
- ByStartupStory | July 13, 2021
Crypto education platform Crypto Head released a ranking showing that the United States is the world’s most “Crypto-ready” country. The research depicted several factors impacting cryptocurrencies around the globe such as public interest, the government’s legal stance as well as ownership of digital currency.
A further significant element of the study was the accessibility of Bitcoin, Dogecoin, and most importantly the prevalence of crypto ATMs. A crypto ATM is a physical device that enables people to buy cryptocurrencies with cash and their debit or credit card. Some are bi-directional and also allow for the sale of digital currencies for cash. The US scored 7.3 out of 10 in the Crypto Head ranking. There were 17,436 crypto ATMs across the country in 2021, though that figure has nothing on the 470,000 or so conventional ATMs documented in the US in 2018. Canada has 1,464 crypto ATMs whereas the UK comes third with 200. One major concern regarding the growing network of Crypto ATMs is that they can be used for Money Laundering.
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