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The European country of Spain is officially home to the third largest network of Bitcoin (BTC) and cryptocurrency ATMs after the United States 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. .
German consumer electronics retailers such as MediaMarkt and Confinity are leading the way in installing cryptocurrency ATMs in Austria, Germany, Spain and Greece.
On the contrary, since September 2022, the number of cryptocurrency ATM installations in the world has been experiencing negative growth, and at the time of writing, it is following a gradual recovery path. Based on data from the last 60 days, we can see that around 7 encrypted ATMs are installed every day around the world.
Related: Crypto ATMs Are Emerging as a Payment Method for Crypto Scams FBI
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.
