El Salvador, which has 212 crypto ATMs, is presently in fourth place due to Spain, which has 215 crypto ATMs, having surpassed it by 3 crypto ATMs.
The third-largest network of Bitcoin and cryptocurrency ATMs in the world, behind those in the US and Canada, is located in the European nation of Spain.
El Salvador, which has 212 crypto ATMs, has fallen to fourth place as Spain, which presently has 215 crypto ATMs, has surpassed it by 3 crypto ATMs. Spain is confirmed to account for 0.6% of all crypto ATM installations worldwide, according to data from CoinATMRadar.
Furthermore, the information identifies Spain as the country that has contributed the most crypto ATMs to Europe, accounting for 14.65% of all installations on the continent. Spain is followed in this list by Switzerland (144 ATMs), Poland (142 ATMs), and Romania (142 ATMs) (135 ATMs).
Spain alone put in 43 cryptocurrency ATMs in 2022, and has previously stated that it intends to put in an additional over 100 by year’s end, bringing the total to close to 300.
The initiative to put in crypto ATMs in Austria, Germany, Spain, and Greece is being led by Confinity and MediaMarkt, a German electronics retailer. Around seven crypto ATMs are being erected daily throughout the world, according to calculations using information from the previous 60 days.
Greece ranks sixth in terms of bitcoin ATMs, and due to the increase in tourism, Bitcoin ATM provider BCash provided information on usage trends in the nation.
Dimitrios Tsangalidis, managing director and co-founder of BCash, highlighted that despite placing cryptocurrency ATMs in popular tourist locations, the majority of usage comes from the central business district.