Poland has risen in the global ranking of Bitcoin ATMs, overtaking El Salvador and establishing itself as the fifth country with the most devices of this type in the world.
On January 27, Poland added 10 new Bitcoin ATMs, bringing its total to 219. This represents significant progress, placing it behind only the United States, Canada, Australia and Spain in terms of the number of active machines dedicated to cryptocurrencies. This growth comes in the context of a wave of installations that began in October 2024, during which Poland has seen the addition of 24 new ATMs.
The Global Context
Globally, the countries leading the cryptocurrency ATM market are the United States and Canada, which have thousands of machines in operation. Despite its previous prominence in this sector, El Salvador, which became the third largest center for cryptocurrency ATMs in October 2022 with 215 devices, has not made any new installations since then. This contrasts with the growth trend seen in other nations, such as Canada, Australia and Spain, which continue to increase their number of ATMs every month, according to reports from Bitcoin ATM Radar.
Growth in Poland
In contrast, Poland has maintained a fast pace in the expansion of its ATM network. In January alone, 12 new devices have been installed, and more are expected to be added before the end of the month. This momentum has positioned Poland among the countries that are effectively adopting cryptocurrency technology.
Top Countries by Bitcoin ATM Networks
1. United States: 30,780 ATMs (80.8%)
2. Canada: 3,062 ATMs (8%)
3. Australia: 1,389 ATMs (3.6%)
4. Spain: 276 ATMs (0.7%)
5. Poland: 219 ATMs (0.6%)
6. El Salvador: 215 ATMs (0.6%)
7. Hong Kong: 196 ATMs (0.5%)
8. New Zealand: 191 ATMs (0.5%)
9. Germany: 173 ATMs (0.5%)
10. Puerto Rico: 162 ATMs (0.4%)
Considerations on the Adoption of Cryptocurrencies
They are not necessarily positioned to trigger the mass adoption of Bitcoin from one day to the next, but they are a key component in bringing access to a population, particularly those who remain outside the banking system. Yet, regulators are worried about these devices being used in illegal activities like money laundering and terrorist financing. Nevertheless, ATMs provide essential infrastructure for enabling access to cryptocurrencies.
There are currently approximately ATMs for cryptocurrencies globally around 38,100, which are spread across 65 countries and managed by 356 operators. Australia, on the other hand, has continued to steadily build the number of these devices, racking up nearly three years of consistent installs, culminating in April 2024 for the exclusive club of nations to have more than 1,000 Bitcoin ATMs.
With this here, Poland is one indicator of how the cryptocurrencies are still growing in time and the rise in the number of ATMs in Poland could possibly be a sign of a good Bitcoin adoption in near the future.Poland Increases Its Presence in the Bitcoin ATM Market
Poland has risen in the global ranking of Bitcoin ATMs, overtaking El Salvador and establishing itself as the fifth country with the most devices of this type in the world.
On January 27, Poland added 10 new Bitcoin ATMs, bringing its total to 219. This represents significant progress, placing it behind only the United States, Canada, Australia and Spain in terms of the number of active machines dedicated to cryptocurrencies. This growth comes in the context of a wave of installations that began in October 2024, during which Poland has seen the addition of 24 new ATMs.
The Global Context
Globally, the countries leading the cryptocurrency ATM market are the United States and Canada, which have thousands of machines in operation. Despite its previous prominence in this sector, El Salvador, which became the third largest center for cryptocurrency ATMs in October 2022 with 215 devices, has not made any new installations since then. This contrasts with the growth trend seen in other nations, such as Canada, Australia and Spain, which continue to increase their number of ATMs every month, according to reports from Bitcoin ATM Radar.
Growth in Poland
In contrast, Poland has maintained a fast pace in the expansion of its ATM network. In January alone, 12 new devices have been installed, and more are expected to be added before the end of the month. This momentum has positioned Poland among the countries that are effectively adopting cryptocurrency technology.
Top Countries by Bitcoin ATM Networks
1. United States: 30,780 ATMs (80.8%)
2. Canada: 3,062 ATMs (8%)
3. Australia: 1,389 ATMs (3.6%)
4. Spain: 276 ATMs (0.7%)
5. Poland: 219 ATMs (0.6%)
6. El Salvador: 215 ATMs (0.6%)
7. Hong Kong: 196 ATMs (0.5%)
8. New Zealand: 191 ATMs (0.5%)
9. Germany: 173 ATMs (0.5%)
10. Puerto Rico: 162 ATMs (0.4%)
Considerations on the Adoption of Cryptocurrencies
They are not necessarily positioned to trigger the mass adoption of Bitcoin from one day to the next, but they are a key component in bringing access to a population, particularly those who remain outside the banking system. Yet, regulators are worried about these devices being used in illegal activities like money laundering and terrorist financing. Nevertheless, ATMs provide essential infrastructure for enabling access to cryptocurrencies.
There are currently approximately ATMs for cryptocurrencies globally around 38,100, which are spread across 65 countries and managed by 356 operators. Australia, on the other hand, has continued to steadily build the number of these devices, racking up nearly three years of consistent installs, culminating in April 2024 for the exclusive club of nations to have more than 1,000 Bitcoin ATMs.
With this here, Poland is one indicator of how the cryptocurrencies are still growing in time and the rise in the number of ATMs in Poland could possibly be a sign of a good Bitcoin adoption in near the future.Publication date:
2025-01-27 22:47:28 (GMT)
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