{"id":558021,"date":"2023-03-01T13:03:29","date_gmt":"2023-03-01T10:03:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-atm-decline-over-400-machines-went-off-the-grid-under-60-days\/"},"modified":"2023-03-01T13:03:29","modified_gmt":"2023-03-01T10:03:29","slug":"bitcoin-atm-decline-over-400-machines-went-off-the-grid-under-60-days","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-atm-decline-over-400-machines-went-off-the-grid-under-60-days\/","title":{"rendered":"# Bitcoin ATM decline: Over 400 machines went off the grid under 60 days"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d82d70f739\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d82d70f739\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-atm-decline-over-400-machines-went-off-the-grid-under-60-days\/#%E2%80%9D_Bitcoin_ATM_decline_Over_400_machines_went_off_the_grid_under_60_days_%E2%80%9C\" >&#8221; Bitcoin ATM decline: Over 400 machines went off the grid under 60 days &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_ATM_decline_Over_400_machines_went_off_the_grid_under_60_days_%E2%80%9C\"><\/span>&#8221; Bitcoin ATM decline: Over 400 machines went off the grid under 60 days &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Crypto ATMs \u2014 one of the key infrastructure pillars for the mass adoption of cryptocurrencies \u2014 have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines.<\/p>\n<p>Since 2014, the total number of crypto ATMs maintained a steady upward trajectory while catering to millions of users worldwide for seamless crypto-fiat conversions. For ov a year, between December 2020 to January 2022, more than 1000 crypto and Bitcoin (BTC) ATMs were being installed every month. However, the bear market had an im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te impact on its growth.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/d27ca7db-fd6f-484d-a026-9af2b9e6cee4.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Net crypto ATM installations worldwide. Source: Coin ATM Radar<\/em><\/figcaption><\/figure>\n<p>September 2022 was the first time in history when total crypto ATMs saw a net decline. However, The year 2023 marked a new low by recording a decline in total crypto ATM installations for two consecutive months. <\/p>\n<p>In January 2023, the global crypto ATM network shed 289 machines, which got further cut down in February by 123 machines \u2014 412 machines in total. While the ongoing decline was initially purely attributed to geopolitical tensions, revenue losses and a prolonged bear market, service providers have been trying out cheaper alternatives for operations.<\/p>\n<p>Recently, crypto ATM provider Bitcoin Depot converted its 7,000 physical machines to BitAccess software. The move helped reduce operational costs related to software licensing fees, which annually cost $3 million.<\/p>\n<p>Do you have an ATM in your area and are not sure how to use it? Check out Cointelegraph\u2019s beginner\u2019s guide to learn everything about Bitcoin ATMs.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>UK-native stablecoin integrates into 18,000 ATMs nationwide<\/em><\/strong><\/p>\n<p>On the other end of the spectrum, payments giant MasterCard partnered with Binance to launch a card for crypto payments in Latin America. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ol\u00e1, Brasil! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> Card has just launched in Brazil &#8211; another step towards crypto adoption  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UJRmpMhpbQ\">pic.twitter.com\/UJRmpMhpbQ<\/a><\/p>\n<p>\u2014 Binance (@binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance\/status\/1620081823849287681?ref_src=twsrc%5Etfw\">January 30, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a press release shared with Cointelegraph, Guilherme Nazar, Binance Brazil\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> manager, stated:<\/p>\n<blockquote><p>\u201cPayments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow.\u201d<\/p><\/blockquote>\n<p>Moreover, at the time of launch, the card offered up to 8% cash back in crypto on eligible purchases and zero fees on some ATM withdrawals.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/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\/bitcoin-atm-decline-over-400-machines-went-off-the-grid-under-60-days\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin ATM decline: Over 400 machines went off the grid under 60 days &#8220; Crypto ATMs \u2014 one of the key infrastructure pillars for the mass adoption of cryptocurrencies \u2014 have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":558022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/1e258c95-67c9-464b-af29-8c1a8c094de1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[79806,77302,75566,74355,70719,117,72366],"class_list":["post-558021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-analysis","tag-coinatmradar","tag-report","tag-adoption","tag-atm","tag-business","tag-data"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558021","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=558021"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/558022"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=558021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=558021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=558021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}