We’ve come a long way in the Bitcoin community. From the first Bitcoin ATM launched in late 2013, the community now has 202 confirmed functioning Bitcoin ATMs worldwide.
The data comes from Coin ATM Radar, a site which keeps track of the number and location of Bitcoin ATMs, and acts like a directory for those looking for one.
North America has by far the largest number of Bitcoin ATMs, at 93. This includes machines in Los Angeles, Victoria BC, Boston, Halifax, Washington, and many others.
Next in like is Europe with 56 machines. These are located in most of the major European cities, including London, Bristol, Dublin, Paris, Madrid, Barcelona, Zurich, Geneva, Rome, Prague, Warsaw, Bucharest, Berlin, Copenhagen, The Hague, Helsinki, and, of course, the Isle of Man.
Asia and the Middle East have 20 machines, most of them located in China. There are eight machines in Hong Kong, two machines in Tel Aviv, two in Seoul, two in Tokyo, and one each in Beijing, Shanghai, Bangkok, Taiwan, Kuala Lumpur, Manila in Philippines, Kedah in Malaysia, and Bishkek in Kyrgyzstan
Australia and New Zealand have 15, including five in Melbourne, three in Brisbane, four in Sydney, two in Canberra, and a single ATM on New Zealand’s capital Auckland.
South America, meanwhile, has only three. Two in Sao Paolo, Brazil, and one in Buenos Aires, Argentina. And Africa has only one, in South Africa.
Both of these continents, however, could benefit the most from such machines. Documentary films like Bitcoin in Uganda shows the true nature of the remittance market’s predatory practices and how Bitcoin could help people in these under-banked and under-financed areas free themselves from fees of upwards of 40% of money transmitted.
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For people in areas like Uganda, as well as many other African and South American nations, Bitcoin ATMs would likely be a welcome addition to the local economy.
He Who Dies With The Most Bitcoin ATMs
So where are the most Bitcoin ATMs located?
By country, it’s Canada with 52 Bitcoin ATMs. The United States is next with 36 machines spread across 15 states. Australia is third with 14.
As far as individual cities go, Canada’s three largest cities are the victors here. Toronto comes out clearly ahead with eleven Bitcoin ATMs. This includes a Robocoin machine operated by Bumblebee Exchange, two machines at Bitcoin Decentral, BitSent’s Lamassu machine and six new machines from Canadian Bitcoin exchange CAVIRTEX.
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Vancouver comes a close second with nine machines of its own, including another from BitSent, as well as the world’s first Bitcoin ATM.
Montreal ties with Vancouver with nine machines.
Who’s Making These Things?
Though many different Bitcoin ATM manufacturers are at work building machines, there are four companies which are stealing the spotlight.
The Icelandic company Lamassu is the most prolific, with 75 machines in operation. This means more than a third of the Bitcoin ATMs worldwide are Lamassu machines.
Up next is Robocoin, the original Bitcoin ATM manufacturer. They have 35 machines worldwide.
Ottawa-based BitAccess is next, with 27 machines. Ten of these are being operated by Canadian Bitcoin exchange CAVIRTEX, including the six aforementioned machines in Toronto.
And finally, Skyhook has 23 machines in operation. That number may jump soon, though, with QuadrigaCX having recently announced they would be launching 30 such machines across Canada.
The Future Of Bitcoin ATMs
Bitcoin ATMs have gone from an unheard-of commodity to a worldwide phenomenon in less than a year. How long will it take us to reach 300 ATMs? 500? 1000?
Will we eventually get to the point where we’ll see Bitcoin ATMs as prolific as regular ATMs? One can only hope.
Source: The CoinFront http://goo.gl/XQyZIv ”