El Salvador, the first nation to legislate Bitcoin (BTC), has been pushed down yet another area in overall crypto ATM setups as Australia records 216 ATMs stepping into the year 2023.

As part of El Salvador’s drive to develop Bitcoin as a legal tender, President Nayib Bukele had chosen to install over 200 crypto ATMs throughout the nation. While this relocation made El Salvador the 3rd biggest crypto ATM hub at the time after the United States and Canada in September 2021, Spain and Australia overtook the Central American nation’s ATM count in 2022.

On October 2022, Pandoraland reported that Spain ended up being the third-largest crypto ATM center after setting up 215 crypto ATMs. However, Spain continued its installation drive and is house to 226 crypto ATMs at the time of composing. El Salvador’s position as the fourth-largest crypto ATM center was temporary as Australia stepped up its video game over the following months.

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

In the last 3 months of 2022, Australia deployed 99 crypto ATMs, verifies data from CoinATMRadar. Since Jan. 1, 2023, Australia tape-recorded 219 active crypto ATMs, eclipsing El Salvador by 7 ATMs at the time of writing.

Australia represents 0.6% of global crypto ATM setups and, at this rate, is well-positioned to take over Asia’s crypto ATM numbers, which stand at 312 ATMs. The overall variety of crypto ATMs worldwide is 38,602, out of which 6,071 ATMs were installed in 2022 alone.Related: Florida best-preparedUnited States state for extensive crypto adoption: Research Nigeria’s drive to enforce the adoption of an in-house reserve bank digital currency(CBDC)– eNaira– forced the government to limit ATM cash withdrawals to$225(100,000 nairas)a week.”Customers need to be motivated to utilize alternative channels(Internet banking, mobile banking apps, USSD,cards/POS, eNaira, etc) to perform their banking deals,”noted Haruna Mustafa

, the director of banking guidance, while announcing the drive. #Bitcoin #ATM #Australia #Spain #CoinATMRadar #Adoption #El Salvador Related News How to save Bitcoin on MetaMask New research study suggests boomers make

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