Cryptocurrencies have emerged as a major player amongst the financial landscape, as digital token transactions witness a significant increase in its use with a total marketcap at $183 billion. To no surprise, there is also a growing trend towards crypto ATMs.
A report recently revealed that five cryptocurrency ATMs are installed every day, which are located in different parts of the world. Todays Gazzette reports that there are more than 4,000 crypto ATMs across the world in 78 countries.
North America currently has the largest number of crypto ATMs, while Europe follows with 23 percent of the total number. Asia, South America, Africa and Oceania seem to be moving more slowly, with only a single-digit total.
Several coins have formed partnerships with debit card companies, which lets it issue cards domiciled in their respective currencies. By doing so, it has further assisted in pushing the adoption of digitokens as users can withdraw fiat currency from the crypto ATMs.