U.S. Controls 66.2% of Bitcoin ATMs Worldwide, Data Shows

Bitcoin ATMs have been around as early as 2013 and have expanded globally over the last few years. According to figures from LearnBonds and CoinATMRadar, there are now 6,484 Bitcoin ATMs in 73 different countries. The growth of Bitcoin ATMs seems to be speeding up as just this last year a total 2,351 new Bitcoin ATMs were installed, equating to 8 Bitcoin ATMs installed daily.

As remarkable as it sounds, all this growth has mostly taken place in the United States. There are now 4,274 Bitcoin ATMs in U.S. soil, which represents roughly 66% of all Bitcoin ATMs worldwide. Most of the ATMs are located in the state of California, probably due to the fact that the biggest Bitcoin ATM manufacturer, Genesis Coin, is an American company based in California.

Following the U.S. is Canada, which is responsible for 10.5% of all Bitcoin ATMs globally. Europe is the second most popular continent with 19%, mostly concentrated in the UK (4%) and Austria (2.8%). The third most popular continent is Asia with 2.1% and then South America with 1%. You can also find Bitcoin ATMs in Africa and Oceania, but the numbers are practically irrelevant.

Out of all the 6,484 Bitcoin ATMs, you can buy and sell other cryptocurrencies in 4,555 of them. Litecoin, Ethereum, and Bitcoin Cash are the most popular altcoins bought and sold. Although they are rather expensive to use, the fees and exchange rates are rather high, Bitcoin ATMs are seen as a driving force for cryptocurrency adoption.

Featured Image Credit: Photo via Pixabay.com

Cannabis Shops Turn to Crypto Apps Amidst Coronavirus Cash Shortages

Michael LaVere
  • Cannabis shops in Boulder, Colorado are using bitcoin payment app Strike to conduct "contactless" exchanges.
  • Cash shortages and lack of sanitation are causing businesses to find alternative means for transaction. 

Cannabis shops are using bitcoin payment services to conduct business in place of fiat amidst the coronavirus pandemic. 

According to a report by CoinDesk, cannabis dispensaries in Boulder, Colorado have been onboarded to the closed beta for Strike, a bitcoin payment service application founded by lighting network supporter Zap. 

Zap, founded by Jack Mallers, has been operating a closed beta for the payment application Strike which allows users the option of sending bitcoin or dollars and receiving funds in their bank account. The application uses a simple QR code interface, similar to Venmo, that allows users to send funds without having prior knowledge or expertise with bitcoin. 

Mallers said, 

Every Strike user is given a public domain at strike.me. We’re using Lightning for really fast online settlement of value transfers. … It’s also beneficial for privacy on the sender’s side.

Johnny Kurish, general manager at Boulder’s Helping Hands Herbals cannabis shop, said the application allowed his dispensary to process $1,000 worth of purchases since being added to the beta last week. 

Kurish said the dispensary will switch to only accepting Strike payments, which allow for contactless exchanges in light of the coronavirus pandemic. 

He said, 

We’re really lucky to have curbside drop-offs. We check the ID through the roll-up window, deliver the cannabis to a podium in front of the car. We’re happy to reopen with an option that’s safe for our staff.

Featured Image Credit: Photo via Pixabay.com