Recent report says that Bitcoin ATM Machines has grown to 8,000 around the world.
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Since the establishment of Bitcoin Automated Teller Machines in 2013, over 8,000 Bitcoin ATMs are now installed around the world, including in Nigeria, the country with the highest bitcoin trading volume in Africa.
According to reports obtained fromas seen by Diutocoinnews, there are currently about 8,208 ATMs in 73 countries around the world.
Over 50 percent of these Bitcoin ATMs allow individuals to buy and sell Bitcoin (BTC) and other Cryptocurrency assets for cash equivalent. Currently, over two-thirds of these ATMs are in the United States and more than 5 Bitcoin ATMs in Africa.
The popularity of Bitcoin Automated Teller Machines (Bitcoin ATMs) have continued to grow around the globe because of the user friendly options its offers to the users in buying or selling of bitcoin.
Earlier this month, Diutocoinnews broke the news, about Blockstale’s ATM terminal installed in Lagos which was reportedly the First Bitcoin ATM in Nigeria.
The adoption of cryptocurrency in Nigeria has continued to skyrocket and is gaining more and more adoption around the globe.
Nigeria has maintained the google search trend for the word Bitcoin for a very long period of time until of recent.
Why Nigerians Use Bitcoin:
The economy of the country is in jeopardy, including inflation and the devaluation of the naira. This have made Nigerian Naira a poor store of value.
Now investors and most individuals prefer to store their Naira value in a deflationary currency like Bitcoin which can protect its owners against excess money printing from central banks and other uncertainties.