More than 3,500 ATMs are deployed around the world

Although they are not widely used as paper-based currencies, ATMs remain a common way of buying and selling currencies such as minting.

Today it is a milestone, with more than 3,500 ATMs installed and operated worldwide.

The number of ATMs for the developers exceeds 3500

The latest data from Coinatmradar, one of the leading institutions tracking ATMs for the developers, suggests that the decline in the price of petrochemicals has not had a significant impact on the rate of installation and use of ATMs around the world. The data indicate that there are 3,503 ATMs available to eligible users worldwide, up to the time of publication. Of the ATMs installed, 1,846 of them (about 52.7%) support alternative digital currencies, with 49% and 32.1% ATMs supporting Lite Queen and Ether, respectively. The new achievement comes 17 months after the total number of ATMs for the yo ung1000 people exceeded in early 2017.

America maintains its place in the lead

Data from Coinatmradar indicate that North America has the largest number of ATMs in the world. A total of 2594 ATMs have been installed, which is 74.05% of the total installed ATMs around the world. And come after North America, if it is still far, from Europe - the United Kingdom and Austria, followed by Russia and the Czech Republic.

The impact of the decline in the prices of protein

The decline in the price of protein has reached its highest level this year, especially in the first quarter of the year. Where the price dropped nearly 50% in February to below $ 7,000. Despite lower prices, manufacturers have continued to install new ATMs that support digital currencies. The report explains the speed with which ATM operators install hardware around the world.

Earlier in May, when there were about 3,052 ATMs supporting worldwide installed and operated digital currencies, the fixation rate was just over 5.88 per day. However, this value increased by 66% to reach 8.91 units per day. As for the manufacturers, there are two companies dominate the sector, namely: the American company Genesis Coin by 33.69%, and the European company General Bytes by 26.89%.

Through the new report, we can see some things like increasing the demand for buying and selling digital currencies through ATMs, and that the business model also seems profitable for manufacturers despite falling prices.

On the other hand, manufacturers are offering increased choice to consumers through bidirectional devices. Where bi-directional ATMs allow consumers to buy and sell digital currencies. While one-way devices are for buying currencies only. The market share of two-way machines also jumped from 35.32% to 37.03%.Manufacturers of improved equipment are investing in fee-earning on both sides of the deal.

Petkwin remains on the throne of digital currencies

Data show that Bettkin is still the dominant currency in the world. About 99.9% of all ATMs installed around the world support Bitquin, while 52.7% support alternative digital currencies, with the most popular Latino Coin.

With the monthly increase in the number of ATMs installed around the world, and despite the state of pessimism towards digital currencies, the future looks good for the sector. The real question is how it will develop, with ATMs providing an excellent medium that can increase the adoption of digital transactions, despite their high fees. At the moment, consumers seem to have decided to buy comfort and ease of use despite rising fees.