Even though some people might argue there is no growing demand for Bitcoin ATMs around the world, it is important to note there are now over 600 of these devices available to consumers. Market penetration remains incredibly low compared to the number of bank ATMs, though, and most of these devices are installed in areas where there is fierce competition on the market already.

Also read: MAIDsafe Technical Analysis for 03/18/2016 – Market Struggling to Find Direction Around Key Pivot Zone

More Bitcoin ATMs Are Needed In Key Areas

The main objective of using a

For some regions, it is a challenge not to come across a Bitcoin ATM these days. Almost half of these devices in operation today can be found in the United States, creating a somewhat centralized problem. Even though some people might say it is important to conquer the US Bitcoin market, there are other critical areas where digital currency can do a lot of good.

Keeping in mind how US citizens have access to a wide variety of

Based on the recent statistics provided by CoinATMRadar, 2.85 Bitcoin ATMs are being installed every day. That is quite a significant margin, as this percentage used to sit below the “2” mark for quite some time. There is a growing demand for Bitcoin ATM devices around the world by the look of things, which means an exciting competition between manufacturers.

Speaking of which, Lamassu sees a nice increase in the share of the Bitcoin ATM market, as they are slowly starting to catch up to Genesis Coin. Keeping in mind how Lamassu Bitcoin ATM devices will now support both Bitcoin and Ethereum, things are bound to get fascinating in the next few months.

Source: CoinATMRadar

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.