El Salvador is in the top three countries by the number of BTC ATMs

by in Cryptocurrency News

ATM

In early September 2021, a law came into force in El Salvador recognizing bitcoin as a legal tender. In this Latin American state, the number of cryptocurrency terminals has increased dramatically.

By expanding the bitcoin infrastructure, President Nayib Bukele expects to increase citizens' loyalty to digital currency and allow them to freely use BTC in the domestic market.

Currently, the United States holds first place in the world in terms of the number of installed bitcoin ATMs (24,295). El Salvador is in third place, as evidenced by the CoinATMRadar service (205 cryptomats). Canada holds second place (1905 ATMs).

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According to Statista, in just a month, with the support of the Salvadoran authorities, more than 200 terminals were launched in the country. Experts note that in the middle of summer El Salvador was only in 43rd place in the ranking of countries in terms of the number of functioning crypto devices.

In total, in the world, holders of virtual coins are served by 27,677 active bitcoin ATMs in 73 countries.