One of the most popular ways of buying and selling Bitcoin in exchange for fiat currency comes in the form of a Bitcoin ATM. Similar to how a bank ATM operates, Bitcoin Teller machines can accept fiat currency bills or hand them out, depending on which type of action the consumer takes. But how is the Bitcoin ATM landscape looking today? Let’s find out!
BitAccess : A Rising Star Among Bitcoin ATM Manufacturers
The news about Bitcoin has been bleak these days. The words like “scam” and “Ponzi scheme” are thrown in the mix without giving real evidence that is based on objective facts or data. So let us take a look at the companies that are Bitcoin-related. The first company that we are going to look at is BitAccess.
Who or what is BitAccess? BitAccess inc is located in Ottawa, Canada. This Canadian company was founded in November 2013. The main focus of the company is making Bitcoin easily accessible for everyone. They accomplish this by using their Bitcoin Automatic Teller Machines, which are operational in 26 different countries already.
BItcoin ATM Charts Show Very Little Deployment In Emerging Markets
One way to make Bitcoin more accessible to everyday people is by creating and installing more Bitcoin ATM’s. As several companies are competing in this “niche space”, don’t you ever wonder where most of these ATM’s are located? And which company has deployed the most ATM’s at this point time? The answers might surprise you.
Bitcoin ATM Locations
Considering there are currently 342 Bitcoin ATM’s around the globe, according to CoinATMRadar, and the most “popular” Bitcoin countries to be the United States (96) and Canada (68), they are the obvious choices to take up the first two places. But have you ever wondered which country could be third on the list?