Increasing Number of Bitcoin ATMs Worldwide is a Solid Adoption Metric

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Bitcoin adoption has been on the rise for a long time now, and this is not the institutionalized adoption only that this article is referring to but also the mass adoption taking place among people. As instances to use, trade, buy, sell and hold onto Bitcoin are improving, so is the attitude of people towards the cryptocurrency. The latest news in this regard is the worldwide installation of new Bitcoin ATMs which strictly proposes the theory that the time is not that far when the use of Bitcoin would be as common as fiat money. However, we may still have a lot of catching up to do, but the path seems to be laid. 

Previously in May 2020, the number was only saturated to 7756 ATMs worldwide, but since then, the number has sprung to 19452 Bitcoin ATMs worldwide. The number of ATMs that have been installed during this period is almost more than double what was previously installed. The centers or regions of the world consist of all the places bustling with tourists, having main commerce and stock centers around, so people have convenient access to the Bitcoin ATMs as conveniently as they have access to fiat money ATMs.

Bitcoin ATMs are being Installed widely in the US and in the Rest of the World

The installation of new ATMs and the consistency that it follows depict how fast this process is progressing, and not only this what other means of adoption it can fuel, this is the main question that you should be asking about. Installations in the US are on the rise, and according to a projected estimate, the number of machines could reach as far as the fiat money ATMs, but that is far away in the future. Bitcoin might not have the same stats that it had a month ago when the price was booming, and it was scaling the ladder of success at blazing speed, but when it comes to the adoption of this cryptocurrency in the world, it remains unaffected. With such amazing rates, Bitcoin might end up being the mainstream digital currency that people use for their day-to-day needs putting an end to fiat money or decreasing its use vividly.   


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