There are nearly 1230 Bitcoin ATM’s placed in fifty-seven nations all over the world. As one of them, United States accounts for the most with 825 automated teller machines. Within the United Kingdom, there are sixty-eight with most of them found within the famous M25, which loops around London. During last year, Edinburgh obtained its first Bitcoin ATM, which was supplied by Alpha vend.
With almost three Bitcoin ATMs set up every day in the world, it’s clear that with the increase in demand for the cryptocurrency, therefore does the demand for the machines raise. Birmingham has become the modern town in the United Kingdom to obtain its first Bitcoin ATM, which is becoming an area that is embracing the cryptocurrency. BCB ATM, one of the fastest developing operators of Bitcoin ATMs in the United Kingdom, has set up the new Bitcoin automated teller machine at lifestyle store on Flaxley road Stechford. However, BCB ATM has already supplied nine Bitcoin ATM’s to convenience stores nearly all in London, but has plans to increase their units throughout the country.
Landry Ntahe, the head of operations at BCB ATM, noted that the automated teller machines acquire frequent use between thirty to forty times during a day. He also mentioned that around twenty-five percent of people using the machines are new clients, so retailers can assume a growth within the variety of people using their Bitcoin ATMs.
Landry Ntahe said:
“We are actually pleased to install our first Bitcoin automated teller machine in Birminham, particularly because it’s a region in which we’ve seen increasingly more people using Bitcoins.”
However, the value of Bitcoin has increased as demand for the cryptocurrency grows. This will be seen from heightened interest from Asian traders who’ve joined the Bitcoin race as each nations become more embracive of the technology.
Landry Ntahe stated:
“During last year we’ve seen a fast increase the usage of our machines and excessive demand for placements of Bitcoin ATM’s within the country, this tells us the adoption rate for the usage of Bitcoin is growing and where there’s more demand, the value will boom.”