Crypto ATM Surge: Australia Soars to Global Top Three

IconCryptoNewsTerminal Staff29 Aug, 2024

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Crypto ATM Surge: Australia Soars to Global Top Three

Australia Emerges as Cryptocurrency ATM Leader As reported by leading financial news outlet Bloomberg, Australia has surged to the forefront of the global cryptocurrency ATM market. With over 1,200 ATMs currently in operation, Australia ranks third worldwide, trailing only the United States and Canada. This rapid growth, from a mere 73 ATM's just two years ago, is expected to continue with the anticipated installation of over 200 additional ATM's by US-based crypto company Bitcoin Depot. The surge in cryptocurrency ATMs in Australia reflects the growing popularity of digital currencies in the country. Brandon Mintz, CEO of Bitcoin Depot, sees Australia's potential in this sector: "The population of Australia is similar to the state of Texas in the US, which has around 3,000 to 4,000 Bitcoin ATMs. It's likely that Australia will have thousands more Bitcoin ATMs in the next few years." This development positions Australia as a global leader in the adoption of cryptocurrency technology. The increasing accessibility of cryptocurrency ATMs will further drive the adoption of digital currencies in the country.

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