Three thousand Bitcoin ATM Installed In first quarter Of 2022 - page 3.

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Quote from: PrivacyG on April 04, 2022, 02:31:55 PM

Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated?

I'm not aware if any such information is compiled already, but you can research on the individual manufacturers of Bitcoin ATMs and check up their privacy policy.

From content I've followed on the forum, it appears majority of ATMs have a sort of private gateway which is needed to verify your identity, this could be a mobile number.

Dean2

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Although bitcoin ATMs are a great way to spread the word of bitcoin and integrate it better in the society (the more the better) but they still have one big downside and that is the high fees which can reach upto 15% in some ATMs.traditional ATMs on the other hand don't have a withdraw fee and even if they do it's usually just couple dollars so i think that bitcoin ATMs still have a big room to improve to become trully viable.

Ebede

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Over the years we have being hearing of bitcoin ATM machine but is not as much as fiat ATM machine and i began to for the reason why bitcoin deposit and debit machine is everywhere like fiat machine, is not that we don't have massive adoption of cryptocurrency or the people who don't want to use those machines, while bitcoin ATM machine is hidden?

PrivacyG

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Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated? While the numbers are definitely on a rise, I am afraid the news does not put me on as much hopium as I wish it did. Call me boring but long as Know Your Customer is enforced, it is not like they help with anything besides taking a big cut of your money AND forcing you to give up personal information.

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PrivacyG

DdmrDdmr

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To try to see where the increase of bitcoin ATMs takes place during Q1, we can take a look at the growth chart and subsequent territorial charts. The readings are slightly shifted from those in the article (slight date shift), but boil down to:

Code:

Area 01/04/2022 01/01/2022 Diff Q1
WorldWide 36.656 34.293 2.363

Europe 1.378 1.398 -20
USA 32.223 30.068 2.155
Canada 2.346 2.159 187
UK 23 99 -76
Austria 137 140 -3
Spain 196 171 25
Switzerland 142 137 5

Q1 is really closer to 2K (2.363) than 3K (which is what the article states), but leaving that aside, growth during Q1 is essentially concentrated in the US and at a far distance by Canada.

romero121

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Bitcoin adoption around the globe is increasing with time. The installation of 3000 more bitcoin ATMs are a proof for the same. Though there is regular installation of bitcoin ATM, it isn't possible to see the same diversified around the globe. Only in specific locations the bitcoin ATMs were getting installed. Maybe this need to get diversified beyond the first world countries where 90% of the bitcoin ATMs were installed.

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As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

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