Mass adoption of Bitcoin is coming.
At the end of 2017 we had all time high in Bitcoin price due to massive speculation motive. Since then however, we have been living in a longest bear market in 2018. But in the mean time institutional investors are searching for entry points for bitcoin investment and try to understand future uses of blockchain other than transaction. Apart from this green flags are increasing for blockchain and for bitcoin adoption. In this article, I will give you some insight about this mass adoption.
Do you know that every day, 5 crypto ATM are installed worldwide? Coinradar.com provides statistics about the number of Bitcoin ATM's intalled worlwide. Total number of Bitcoin ATMs /Tellers in the World is 4352 as of today. Most of them are installed in the North America. 71.6% of BTC ATM's are in North America, 23.3% in Europe, 2.5% in Asia.
Below you can see the growth rate of the number of Bitcoin ATMs /Tellers in the World. As you can see, it is increasing parabolicly.
Total number of Bitcoin ATMs /Tellers in United States is 2619. These ATM's people can buy or sell not only bitcoin but also some other crypto like Zcash. Below you can see the geographic distribution of these machines.
Bitcoin ATM's are not the only indicator for mass adoption of course.
Firms, stores and merchants around the World like Microsoft, KFC Canada, Fancy.com, Ovestock.com are accepting bitcoin and some other altcoins. At Microsoft, for example, users can buy content with Bitcoin on Xbox and Windows store. For more info, check it out at 99bitcoins.com.
In Venezuela, Dash andother cryptocurrencies are accepted and this trend is growing in the country. As you know, Venezuela has been experiencing hyperinflation. So, the people found the solution by adopting the cryptocurrencies.
Just recently, Argentina and Paraguay used Bitcoin for the trade of pesticides and fumigation products worth $7,100. (cointelegraph.com).
The Bitcoin ATM's, firms accepting bitcoin or Argentina-Paraguay deal are just a few examples of the early crypto revolution that we have been going through.
Thanks for reading. I hope you’ve found it helpful.
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