Poland has become the fifth-largest Bitcoin Automated Teller Machine (ATM) hub globally, surpassing El Salvador. This change follows a significant increase in the number of cryptocurrency ATMs installed. As of now, Poland has 219 active Bitcoin ATMs, which is an important achievement for the country in the expanding world of cryptocurrency.
According to reports, Poland’s network now has 10 new Bitcoin ATMs. This milestone was achieved after a fast installation period of four months.
Interestingly, the number of Bitcoin ATMs in Poland is growing, showing that more people and businesses are using cryptocurrency. It is worth noting that Poland is now among the top countries with Bitcoin ATMs, joining the United States, Canada, Australia, and Spain, which have the most crypto machines.
El Salvador was once a global leader in Bitcoin adoption, becoming the first country to make Bitcoin legal tender in 2021. However, its Bitcoin ATM network has recently fallen behind. While the El Salvador government still promotes cryptocurrency for financial inclusion, Poland is quickly adding more Bitcoin ATMs. This shift also shows that interest in crypto infrastructure is growing in European countries.
As reported by TheCoinRise in December, Australia sustained a remarkable trend with a 29-month streak of monthly additions to its Bitcoin ATM network. The Oceania country has a record of 1,359 Bitcoin ATMs operating in its jurisdiction. This figure represents almost 3.5% of all crypto ATMs in the world.
It also brings the country closer to Europe’s BTC ATM total, with the possibility of surpassing the continent’s record in no time.
The United States boasts 31,568 Bitcoin ATMs, and Canada has about 3,114. Notably, the number of Bitcoin ATMs in the US represents about 81.3% of the global count. At the same time, Canada’s total market is 7.8%. Hence, the North American market houses up to 90% of the total Bitcoin ATM holdings.
Europe is left with about 4%, and so is Oceania. Meanwhile, Asia has one of the smallest, boasting only 0.9%. Brazil in South America also recorded a slight surge in Bitcoin ATM numbers earlier in December.
While Christmas and its festivities were celebrated worldwide, EL Salvador got busy purchasing more BTC. The Central American nation kept up with its Bitcoin acquisition spree, bagging 1 BTC this time. At the time of the purchase, the coin was trading at $95,358.04, following a 3.08% dip. It is worth noting that El Salvador’s latest buy boosted its reserves to 5,997.77 BTC, valued at $595 million.
Meanwhile, the International Monetary Fund (IMF) pressured the country, asking it to reduce its exposure to the flagship cryptocurrency. Recall that El Salvador signed a strategic deal with the agency and is expected to scale back on its Bitcoin adoption. Instead, it purchased $1 million BTC a day after finalizing a $1.4 billion deal with the IMF.
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