Hello dear readers, returning to the topic of cryptocurrencies and the progress they have shown in recent years in terms of the installation of cryptocurrency ATMs, today we will talk a little about the countries that dominate this line within the crypto market.

In this sense it is important to highlight that Australia surpasses El Salvador and becomes the fourth largest cryptocurrency ATM center, El Salvador's position as the fourth largest cryptocurrency ATM center was short-lived, as Australia stepped up its game in the following months.

El Salvador, the first country to legalize Bitcoin, has lost another spot in total cryptocurrency ATM installations, as Australia registers 216 ATMs in 2023. As part of El Salvador's push to establish Bitcoin as legal tender.

President Nayib Bukele had decided to install more than 200 cryptocurrency ATMs across the country. While this move made El Salvador the third largest cryptocurrency ATM hub at the time after the United States and Canada in September 2021, Spain and Australia surpassed the Central American country's ATM count in 2022.

In October 2022, Cointelegraph reported that Spain became the third largest cryptocurrency ATM hub after installing 215 cryptocurrency ATMs. However, Spain continued its installation momentum and is home to 226 cryptocurrency ATMs at the time of writing.

El Salvador's position as the fourth largest cryptocurrency ATM hub was short-lived, as Australia stepped up its game in the following months. In the last three months of 2022, Australia deployed 99 cryptocurrency ATMs, CoinATMRadar data confirms. As of January 1, 2023, Australia recorded 219 active cryptocurrency ATMs, outpacing El Salvador by 7 ATMs at the time of writing.

SOURCES CONSULTED

Cointelegraph Australia overtakes El Salvador to become 4th largest crypto ATM hub. Link

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image background: Cointelegraph

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