Bitcoin ATM installations across the globe have seen a decline throughout the year of 2022, with last month recording just 202 new BTC ATMs.
Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1,971 new installations. However, data shows an evident comeback in the installation numbers, as the world saw 817 Bitcoin ATMs installed in June in just the first five days.
Some of the key factors for the slowdown of crypto ATM installations include geopolitical tensions across the world which is uncertain, anti-crypto regulations, market saturation and business impact due to the ongoing coronavirus pandemic.
Data confirms that the United States is home to 87% of the total crypto ATMs worldwide. Europe houses a network of ATMs which represent 3.8% of the global ATM installations.
While real world challenges may have a momentary impact on Bitcoin’s physical expansion via ATMs,the Bitcoin network continues to outperform its previous records in securing, decentralizing and speeding up the impenetrable peer-to-peer network.
