While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the primary pillars of Bitcoin’s mainstream adoption. Nevertheless, the international Bitcoin ATM network, which utilized to include countless makers every month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months because July 2022.
A year-long bearishness in 2022– accompanied by geopolitical stress and global inflation– prevented numerous efforts assisting the growth of the whole crypto community. As an outcome, efforts to set up brand-new Bitcoin ATMs dipped in many countries that once spearheaded the effort.
![21f4b602-b3f3-4716-a7ee-5927a89de39f Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data](https://i0.wp.com/pandoraland.info/wp-content/uploads/2023/01/21f4b602-b3f3-4716-a7ee-5927a89de39f.png?w=640&ssl=1)
Over the last six months, between July to the end of 2022, simply 94 Bitcoin ATMs were contributed to the global network. On the other hand, a modest 4,169 ATMs were included during the year’s very first 6 months, verifies information from CoinATMRadar.
In spite of the worldwide downturn, nations such as Spain and Australia have taken the lead in crypto ATM installations. The United States and Canada retain the leading 2 positions for hosting the highest number of ATMs. El Salvador, the country that once held the third position, has now moved down to the fifth position after Spain and Australia, respectively.
![af8682e9-c4eb-4280-9cb4-fe44db2b56c4 Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data](https://i0.wp.com/pandoraland.info/wp-content/uploads/2023/01/af8682e9-c4eb-4280-9cb4-fe44db2b56c4.png?w=640&ssl=1)
Throughout this timeframe, Bitcoin ATM maker BitAccess saw a relative drop in its ATM installation while others reported a relatively consistent increase.As crypto investors shake off the unfavorable sentiments from the previous year and dive back into the game, sub-ecosystems like Bitcoin ATMs remain well-positioned for a recovery.Related: Florida best-prepared United States state for extensive crypto adoption: Research Australia, simply after surpassing El Salvador to become the fourth-largest crypto ATM hub
, got its very first Bitcoin ATM with integrated Lightning Network(LN)abilities. Using LN, Bitcoin ATMs can process transactions right away without having the operator batch the funds. As Pandoraland formerly reported, this advancement can possibly lower transaction costs compared to an on-chain payment.
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