Spain is officially home to the third largest Bitcoin (BTC) and cryptocurrency ATM network after the United States and Canada..
Spain currently hosts 215 cryptocurrency ATMs, displacing El Salvador —with 212 crypto ATMs— to the fourth position, after surpassing the country in 3 cryptocurrency ATMs. CoinATMRadar data confirms that Spain accounts for 0.6% of the global cryptocurrency ATM installation.
In addition, the revelation places Spain as the country that contributes the most cryptocurrency ATMs in Europewhich represents 14.65% of the total facilities on the continent, followed by Switzerland (144 ATMs), Poland (142 ATMs) and Romania (135 ATMs).
In 2022 alone, Spain installed 43 cryptocurrency ATMs and has previously shared its intention to install a total of more than 100 by the end of the year.which will bring the total to nearly 300 cryptocurrency ATMs upon completion.
MediaMarkt, a German electronics retailer, and Confinity, among others, are leading the push to install cryptocurrency ATMs in Austria, Germany, Spain, and Greece.
By contrast, global cryptocurrency ATM installation has seen negative growth since September 2022 and is on a slow recovery path at the time of writing. Calculations based on data from the last 60 days show that about seven cryptocurrency ATMs are being installed daily around the world.
Greece ranks 6th in terms of cryptocurrency ATMsand regarding the influx of tourists, Bitcoin ATM operator BCash shared insights on usage statistics in the country.
Speaking to Cointelegraph, BCash CEO and co-founder Dimitrios Tsangalidis revealed that, despite the installation of cryptocurrency ATMs in tourist areas, most of the use comes from the main city area.
However, the island of Crete attracts a “very loyal cryptocurrency crowd,” as Tsangalidis explained:
“There is a strong cryptocurrency community in Heraklion of Crete [que es] the location of one of our ATMs”.
According to Tsangalidis, the combination of crypto winter and tourist season has caused a slowdown in regular traffic in the use of cryptocurrency ATMs.
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