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El Salvador, the first country to legalize Bitcoin (BTC), is pushed down yet another place in total cryptocurrency ATM installations, while Australia records 216 ATMs to set foot in 2023. I was.
As part of El Salvador’s efforts to establish Bitcoin as legal tender, President Naive Bukele has decided to install over 200 crypto ATMs across the country. The move will see El Salvador become the third largest cryptocurrency ATM hub after the United States and Canada in September 2021, while Spain and Australia will increase the number of ATMs in the Central American country in 2022. overtook.
In October 2022, Cointelegraph reported that Spain had become the third largest cryptocurrency ATM hub after installing 215 cryptocurrency ATMs. However, Spain continues to push for installations, with 226 cryptocurrency ATMs at the time of writing. El Salvador’s position as the fourth-largest cryptocurrency ATM hub was short-lived as Australia stepped up its game over the following months.
In the last three months of 2022, Australia has deployed 99 encrypted ATMs, confirming CoinATMRadar data. As of 1 January 2023, Australia has recorded 219 active cryptocurrency ATMs, with 7 ATMs surpassing El Salvador at the time of writing.
Australia accounts for 0.6% of the world’s encrypted ATM installations, which puts it well-positioned to take over Asia’s encrypted ATM count with 312 ATMs. The total number of cryptocurrency ATMs worldwide is 38,602, of which 6,071 ATMs will be installed in 2022 alone.
Related: Florida is the most prepared US state for crypto adoption: study
Nigeria is trying to force adoption of an in-house Central Bank Digital Currency (CBDC) (eNaira), forcing the government to limit cash withdrawals via ATMs to $225 (100,000 Naira) per week.
“Customers should be encouraged to use alternative channels (internet banking, mobile banking apps, USSD, card/POS, eNaira, etc.) to conduct banking transactions,” said Haruna Mustafa, Director of Banking Supervision. said while announcing the drive.
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