{"id":410934,"date":"2022-03-01T12:12:56","date_gmt":"2022-03-01T09:12:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-atm-installations-slow-down-in-early-2022-making-a-first-in-history\/"},"modified":"2022-03-01T12:12:56","modified_gmt":"2022-03-01T09:12:56","slug":"bitcoin-atm-installations-slow-down-in-early-2022-making-a-first-in-history","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-atm-installations-slow-down-in-early-2022-making-a-first-in-history\/","title":{"rendered":"# Bitcoin ATM installations slow down in early 2022, making a first in history"},"content":{"rendered":"

“# Bitcoin ATM installations slow down in early 2022, making a first in history <\/strong>”<\/p>\n

Over the last six months, Bitcoin (BTC) recorded numerous milestones \u2014 El Salvador\u2019s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year.<\/p>\n

Bitcoin ATM installations in the first two months of the year have historically increased year-over-year, as evidenced by data<\/a> from Coin ATM Radar. The trend, however, breaks this year.<\/p>\n

Overall Bitcoin ATM installations. Source: Coin ATM Radar<\/figcaption><\/figure>\n

Considering only January and February 2022, a total of 1,817 crypto ATMs have been installed worldwide. In the same timeframe last year, 2,435 crypto ATMs were installed, which is 618 ATMs more when compared to this year.<\/p>\n

In 2020, only 760 ATMs were installed in this timeframe, which overshadowed 2019\u2019s 250 ATM installations.\u00a0<\/p>\n

One of the main reasons for the momentary slowdown can be attributed to the lack of involvement from newer jurisdictions. For example, the United States alone contributed to 93% of the total global crypto ATM installations in 2022 with 1,689 new ATMs.<\/p>\n

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Global crypto ATM distribution. Source: Coin ATM Radar<\/em><\/figcaption><\/figure>\n

On the other hand, Bitcoin ATMs in Europe were reduced by 1 ATM in the first two months, going down to a total of 1,397 ATMs. At the time of writing, North America represents over 95% of total crypto ATM installations with 34,284 ATMs.<\/p>\n

World map of Bitcoin ATMs. Source: Coin ATM Radar<\/figcaption><\/figure>\n

There are a total of 36,067 ATMs installed currently. Despite a slower start to the year, crypto ATM installations are expected to grow as jurisdictions such as El Salvador plans to deploy 1,500 Bitcoin ATMs.\u00a0<\/p>\n

Unless more governments amp up their efforts to crypto adoption, the ATM installations will find it difficult to maintain an upward trajectory as existing crypto-friendly countries reach saturation in terms of installing new crypto and Bitcoin ATMs.<\/p>\n

Related: <\/strong>Tourism in El Salvador up 30% since Bitcoin adoption, minister says<\/em><\/strong><\/p>\n

One of the immedia<\/a>te positive effects of Bitcoin adoption for El Salvador is a sudden spike on tourism. Salvadoran Tourism Minister Morena Valdez said on Feb. 22 that the country\u2019s tourism industry surged more than 30% since the adoption of the Bitcoin law in September 2021.<\/p>\n

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Boom! <\/p>\n

El Salvador\u2019s tourism has grown by 30% since the Bitcoin Lawhttps:\/\/t.co\/i8t6JRHD1a<\/a>#ElSalvador<\/a> #BitcoinLaw<\/a> #bitcoin<\/a> #bitcoininvestment<\/a> #Abtc<\/a> #tourism<\/a> #BitcoinCity<\/a> #blockchain<\/a> #investments<\/a><\/p>\n

\u2014 M\u00f3nica Taher \u26a1\ufe0f (@monicataher) February 22, 2022<\/a><\/p><\/blockquote>\n