Australia joins 1,000+ Bitcoin ATM club alongside US, Canada

Arijit Sarkar14 hours agoAustralia joins 1,000+ Bitcoin ATM club alongside US, CanadaThe United States hosted its first 1,000 crypto ATMs in November 2017, while Canada achieved the same in January 2021.2155 Total views18 Total sharesNewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAustralia, the third-largest hub for Bitcoin (BTC) and crypto ATMs, recorded a new milestone with 1,000 active crypto-fiat machines now in operation. 

As of April 24, Australia hosts an active network of 1,002 Bitcoin ATMs, making it the third country after the United States and Canada to achieve this feat. The nation represents 2.7% of the global Bitcoin ATM network.Crypto ATM distribution by continents and countries. Source: Coin ATM Radar

According to Coin ATM Radar data, the U.S. hosted its first 1,000 crypto ATMs in November 2017, while Canada reached the same in January 2021.

Currently, the U.S. is home to 82.8% of the global Bitcoin ATMs with 31,170 machines, and Canada represents 7.8% of the lot with 2,918 crypto ATMs.The total number of Bitcoin ATMs installed in Australia over time. Source: Coin ATM Radar

Historically, Australia was an inactive market for crypto ATMs. However, adoption has increased exponentially since the end of 2022, owing to participation from private firms.

In April 2023, Australia’s Bitcoin ATM count surpassed Asia’s, which includes major economies such as China, Japan, Singapore and India.

At the current installation rate, Australia is well-positioned to surpass Europe, which has 4.3% (1,617 machines) of all active Bitcoin ATMs.

Other countries with significant crypto ATMs include Spain (261 machines), El Salvador (215), Poland (211), Germany (194) and Hong Kong (157).

Related:Crypto ATM firm says revenue unaffected by fluctuations in BTC price

Cointelegraph recently reported that hackers who previously leaked El Salvador’s Bitcoin ATM database have released a part of the country’s state-operated Chivo Bitcoin wallet’s source code.

“This time I bring you the code that is inside the Bitcoin Chivo Wallet ATMs in El Salvador, remember that it is a government wallet, and as you know, we do not sell, we publish everything for free for you,” the hacker group known as CiberInteligenciaSV wrote on a public forum.CiberInteligenciaSV publishing data on a public forum. Source: BreachForums

Local cybersecurity project VenariX took to X on April 22 to warn the public about the upcoming leak. It referred to CiberInteligenciaSV’s Telegram channel, which posted about plans to release the source code.

Magazine:Lazarus Group’s favorite exploit revealed — Crypto hacks analysis# Bitcoin# ATM# Canada# Australia# Europe# CoinATMRadar# Adoption# United StatesAdd reaction