Spain is currently home to 215 crypto ATMs, pushing El Salvador, home to 212, to fourth position after surpassing the country’s three ATMs.
The European country of Spain is officially home to the third largest Bitcoin network.
and cryptocurrency ATMs in the United States and Canada.
Spain is currently home to 215 crypto ATMs, pushing El Salvador, with 212, into fourth position after overtaking the country in terms of ATMs. Data from CoinATMRadar confirms that Spain accounts for 0.6% of crypto ATM installations globally.
Distribution of crypto ATMs by continents and countries. Source: CoinATMRadar
Furthermore, the disclosure places Spain as the largest contributor of crypto ATMs in Europe, accounting for 14.65% of total installations on the continent, followed by Switzerland (144 ATMs), Poland (142 ATMs), and Romania (135). ATMs).
Growth of the installation of crypto ATMs in Spain. Source: CoinATMRadar
In 2022 alone, Spain installed 43 crypto ATMs and previously shared its intention to install a total of over 100 ATMs by the end of the year, bringing the total to almost 300 crypto ATMs when it is finished.
MediaMarkt, a German electronics retailer, and Confinity, among others, are leading the push to install crypto ATMs in Austria, Germany, Spain, and Greece.
By contrast, global crypto ATM installations have seen negative growth since September 2022 and are on track for a slow recovery at the time of writing. Calculations based on data from the last 60 days show that around seven crypto ATMs are installed around the world every day.
Related: Crypto ATMs Emerge as Popular Method for Crypto Scam Payments – FBI
Greece ranks sixth in terms of cryptocurrency ATMs, and with the flow of tourists, Bitcoin ATM operator BCash shared insights into usage statistics in the country.
Speaking to Cointelegraph, BCash managing director and co-founder Dimitrios Tsangalidis revealed that despite the installation of crypto ATMs in tourist hotspots, most of the usage comes from the capital area.
However, the island of Crete attracts a very loyal cryptocurrency crowd,” as Tsangalidis explains:
“There is a strong crypto community in Crete’s Heraklion [which is] the location of one of our ATMs.”
According to Tsangalidis, a combination of crypto winter and tourist season has caused a slowdown in terms of regular traffic and crypto ATM usage.