Coinatmradar.com reports a milestone of the 3,500 threshold being crossed for bitcoin ATMs (BATM) installed across the globe. One of the goals behind bitcoin automated teller machines is ease of onboarding to the world of crypto. A bear market – a protracted Crypto Winter – appeared to slow BATMs’ placement. And for sure it just might have, but numbers remain relatively strong considering, with the greater worry among BATM operators being US federal regulations preventing innovation.
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3,500 Bitcoin ATMs Installed Around the World
Coinatmradar.com announced this week a psychological milestone for the ecosystem had been reached: more than 3,500 bitcoin ATM machines are now installed all over the world. Not so long ago, BATMs were thought to a perfect onboarding tool, and especially in the United States.
Americans are already trained on the basic tech, having had decades of automated ways to snag cash. That such machines could be placed where consumers are, rather than the customer having to seek it out, meant BATMs would be put in liquor stores, fast food restaurants, shopping malls, movie theatres, etc. It was just a matter of time until such convenience caught on.
That was before prices soured and the US federal government began cracking down on BATM operators. “No doubt, US regulations play a huge role in our business,” head of marketing at Blockchain BTM, Tim Curry stressed. “We would be able to provide many more services, and for much cheaper, were it not for a myriad of regulations we must comply with,” Mr. Curry explained to News.Bitcoin.com at this year’s Comic Con in San Diego, where his company was an exhibitor.
