Spain became the third-largest hub for crypto ATMs after installing 215 of them, according to Cointelegraph.
In terms of the overall number of crypto ATM installations, El Salvador, the first country to legalize Bitcoin, has fallen another spot as Australia reports 216 ATMs as 2023 draws near, according to Cointelegraph.
In an effort to make Bitcoin a legal cash, El Salvador’s President Nayib Bukele decided to install more than 200 bitcoin ATMs around the country, according to Cointelegraph. After the United States and Canada, El Salvador was the third-largest hub for cryptocurrency ATMs at the time, in September 2021. However, in terms of ATM density, Spain and Australia overtook El Salvador in 2022.
Spain became the third-largest hub for crypto ATMs after installing 215 of them, according to Cointelegraph. However, Spain continued its installation campaign and has 226 cryptocurrency ATMs as of this writing. The fourth-largest hub for crypto ATMs, El Salvador, only held that position for a short time as Australia developed during the following months.
Due to Nigeria’s efforts to force the use of its own central bank digital currency (CBDC), known as eNaira, the country was forced to limit ATM cash withdrawals to $225 (100,000 naira) every week.
