{"id":340991,"date":"2021-09-18T11:58:19","date_gmt":"2021-09-18T08:58:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/el-salvador-ranks-third-in-global-bitcoin-atm-installations-data-finds\/"},"modified":"2021-09-18T11:58:19","modified_gmt":"2021-09-18T08:58:19","slug":"el-salvador-ranks-third-in-global-bitcoin-atm-installations-data-finds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/el-salvador-ranks-third-in-global-bitcoin-atm-installations-data-finds\/","title":{"rendered":"# El Salvador ranks third in global Bitcoin ATM installations, data finds"},"content":{"rendered":"<p>&#8220;<strong># El Salvador ranks third in global Bitcoin ATM installations, data finds <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNGM1NWRmNTAtYTY5MC00MzFlLWJmNjYtNGExMDAzMGNmMjE3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinatmradar.com\/charts\/geo-distribution\/\">data<\/a> from Coin ATM Radar, El Salvador has exceeded United Kingdom\u2019s crypto ATM count after deploying 205 crypto ATMs to date to facilitate local Bitcoin transactions and BTC to U.S. dollar conversions.\u00a0<\/p>\n<p>Comparing this to Statista <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/343147\/number-of-bitcoin-atms-countries\/\">data<\/a> from August 16, it becomes evident that El Salvador has successfully installed 201 ATMs in just one month. Beforehand, the country ranked 43rd on the list with just four functional crypto ATMs. <\/p>\n<p><iframe loading=\"lazy\" title=\"Can Bitcoin succeed as legal tender in El Salvador? | Cointelegraph Report\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/4DhWzl-Kiso?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>President Nayib Bukele had previously stated that Bitcoin\u2019s adoption would be initially supported by\u00a0 a\u00a0network of 200 ATMs and 50 branches. The Salvadorean government has partnered with an in-house cryptocurrency wallet provider named Chivo to power the BTC wallets and ATM usage in the country.<\/p>\n<p>Crypto ATM installations are at an all-time high around the world with 27,664 active machines, and 2,790 new machines being added in September. The increase in El Salvador\u2019s ATM installation drive aligns with the recent presidential order that requires all businesses to accept payment in Bitcoin. However, the merchants retain the option to convert Bitcoin payments to USD before withdrawing their earnings.<\/p>\n<p>While other jurisdictions are yet to decide on Bitcoin\u2019s use case as a mainstream asset, an average of 63.7 ATMs continue to get installed globally every day. Genesis coin remains a leading crypto ATM manufacturer with a market share of 40.7%, while <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Bytes and BitAccess represent 22.7% and 12.7% of the market, respectively.<\/p>\n<p><strong>Related: <\/strong><strong><em>Protesters burn Bitcoin ATM as part of demonstration against El Salvador president<\/em><\/strong><\/p>\n<p>El Salvador\u2019s Bitcoin adoption has seen some\u00a0resistance from locals, which recently led to the burning of a Chivo-supported Bitcoin machine. Those protesting adoption of Bitcoin highlighted concerns regarding uncertainty, price fluctuation and lack of exposure to the crypto market.<\/p>\n<p>The Chivo kiosk is the government\u2019s first attempt to create an infrastructure for BTC and U.S. dollar conversions. Currently, El Salvador uses both Bitcoin and the U.S. dollar as legal tender.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/el-salvador-ranks-third-in-global-bitcoin-atm-installations-data-finds\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# El Salvador ranks third in global Bitcoin ATM installations, data finds &#8221; El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America. According to data from Coin ATM Radar, El Salvador has exceeded United Kingdom\u2019s crypto ATM count&#8230;<\/p>\n","protected":false},"author":1,"featured_media":340992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNGM1NWRmNTAtYTY5MC00MzFlLWJmNjYtNGExMDAzMGNmMjE3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76153,74355,70719,90059],"class_list":["post-340991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-dollar","tag-adoption","tag-atm","tag-el-salvador"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/340991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=340991"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/340991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/340992"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=340991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=340991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=340991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}