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Despite the bear market and record-low dynamics of new Bitcoin ATM installations around the world, Australia has broken into the top three countries globally for the number of crypto ATMs. It was only in the first few days of his January that an Australian finished him fourth. Since then they have installed 16 more machines.
According to Coinatmradar data, Australia currently has 234 cryptocurrency ATMs, making it the third largest in the world after the United States and Canada. In three weeks, it surpassed Spain with 222 cryptocurrency ATMs.
It’s all about dynamics — Australia has installed 99 encrypted ATMs in the last three months of 2022 alone, almost half of that total. Australia has installed 16 of her new machines since January 1, while Spain has actually lost four of his and El Salvador, who holds his fifth spot in the world, has a new Not a single ATM was recorded for him.
Overall, the numbers in Australia, Spain, and El Salvador barely match the huge percentage of cryptocurrency ATMs in the United States. The US has 33.387 or 86.9% of all machines in the world. Together with Canada (2.556) holds a staggering 94.4% of all crypto ATMs at the time of writing.
Related: How to Buy Bitcoin in Australia?
A year-long bear market in 2022, accompanied by geopolitical tensions and global inflation, has dramatically slowed crypto ATM installations. From July to the end of 2022, 94 Bitcoin ATMs were added to the global network, as opposed to 4,169 ATMs in the first half of 2022.
In January 2023, the Australian city of Coolangatta will get its first bitcoin ATM with integrated Lightning Network functionality. It works just like a traditional encrypted ATM, but saves a lot of time with a Layer 2 Lightning solution. You can also buy BTC in very small amounts.
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