Bitnovo, one of the most popular BTC payment platforms in Spain, has teamed up with Eurocoin to build 100 crypto ATMs by 2022. Spain will rank number 3 on the list of countries with the biggest number of Bitcoin ATMs
Bitnovo and Eurocoin to build 100 crypto ATMs
Bitnovo, one of the most popular bitcoin payment platforms in Spain, has teamed up with Eurocoin, Europe’s leading electronic component supplier, to build 100 cryptocurrency ATMs by 2022.
When it comes to the number of Bitcoin ATMs in Europe, Spain leads the way. In addition, the additional installations would be ranked third in the globe (behind only the U.S. and Canada).
Aside from Bitcoin, the ATMs that have yet to be deployed will accept Ethereum (ETH), Tether (USDT), and Monero (XMR).
Eurocoin Group has offices in six European nations and was founded in 1973.
Most agreements, according to CEO Fernando Dumont, are a “strategic step” into the bitcoin market. He goes on to say that cryptocurrency will coexist with regular payment methods.
There are 34,659 cryptocurrency ATMs around the world
According to CoinATMRadar, there are 34,659 cryptocurrency ATMs around the world, with the most majority (30,806) being placed in the United States. Canada comes in second with 2,261 locations.
El Salvador is in third place after the government placed 200 ATMs across the country after the tropical nation approved Bitcoin as legal cash. Spain is now in fourth place, but it will most likely overtake Costa Rica by the end of the year.
Criminals utilizing Bitcoin ATMs for money laundering were a source of worry for Spanish law enforcement in 2019.
