There has been a huge decline in the number of Bitcoin (BTC) ATMs around the world this year.
According to CoinATMRadar data, the number of Bitcoin ATMs in the world since the end of last year is approximately 7 thousand of them removed.
Bitcoin ATMs provide users with cash money It offers the opportunity to convert crypto money into cash.
While there were a total of 12,930 Bitcoin ATMs in the world at the end of 2020, this number increased to 32,960 by the end of 2021. The record level was reached in August 2022, with 39,344.
According to current data, there are 32,673 Bitcoin ATMs in the world. The biggest decrease occurred in July and the total number of ATMs decreased from 36,012 to 31,917.
The USA leads the way as a country, hosting 26,881 ATMs. On the other hand, there are 1,520 ATMs across Europe.
Cryptocurrency ATMs, from time to time, is used to defraud. According to the warning made by the Connecticut Attorney General’s Office “These machines, which work similar to bank ATMs, allow fraudsters to receive payments with cryptocurrencies such as Bitcoin, Etheruem and Tether.” It offers opportunities.