Australia Now Home to More Crypto ATMs Than El Salvador – How Does This Impact Adoption?
The number of crypto ATM machines in Australia has hit new highs over the past four months, surpassing El Salvador, the country where bitcoin (BTC) is legal tender. What's more, two other countries overtook El Salvador: Spain and Poland.
Per Coinatmradar.com, the top 3 countries by the number of installed crypto ATMs are the US, Canada, and Spain, with 33,950, 2,649, and 273 locations, respectively. The difference in the numbers between these countries is vast.
Australia is in fourth place now, with 0.6% of the world's total crypto ATM machines - or 225 machines. Most of them are located in Melbourne (65), Sydney (48), and Brisbane (33).
The continent is followed by Poland and its 222 locations. The vast majority of the machines, 67 of them, have been installed in the nation's capital, Warsaw, while Kraków took second place with 42 ATMs.
El Salvador is currently in the 6th place with 212 reported locations. Most ATMs here, 28 of them, are installed in the country's capital San Salvador, followed by 25 in Santa Tecla. The rest are distributed across the nation.
Bitcoin became legal standard in El Salvador back in September 2021, but this decision has been heavily criticized by crypto skeptics and opponents both domestically and abroad ever since. Also in 2021, the government decided to install some 200 ATMs to promote bitcoin adoption, landing in the third spot in the world by the number of these machines, behind the US and Canada. However, Spain, Australia, and Poland have overtaken it since then.
Also, in August last year, there were reports that bitcoin ATM booths in the nation were “empty” less than a year after their launch.
The next on the list After El Salvador is Switzerland, and it takes the relatively distant 7th
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