Crypto Adoption Increases: Bitcoin Kiosks Reach Over 7,000 Worldwide

Crypto adoption was the main goal of the crypto industry back in 2019, and it’s the same in 2020 as well. There are a lot of moves being made towards this achievement.

For instance, one of the most important moves that happened this year in this direction involved Coinbase and Visa.

Visa hopped in the crypto adoption wagon and made it all possible with the latest move.

Coinbase is powering the world’s first crypto Visa debit cards for everyday use.

As the first crypto member of the Visa network, Coinbase now allows customers to spend their digital assets such as Bitcoin (BTC), Ethereum (ETH), and XRP, “online, offline and internationally, wherever Visa is accepted.”

New milestone marked in the crypto industry

Another important milestone has been reached in the crypto industry.

The interest in crypto is continually growing, and there are now 7.090 crypto ATMs all over the world, according to the latest reports coming from the Daily Hodl.

They allow people to use cash and debit cards in order to purchase Bitcoin and more digital assets or convert Bitcoin into fiat money.

You can check CoinATMRadar for real-time numbers.

The same online publication notes that Andrew Barnard, co-founder and CEO of Bitstop which is a Bitcoin operator with more than 100 locations in the US including the Miami International Airport and shopping malls, says the industry is still very young with Bitcoin ATMs only six or seven years old.

During a recent interview with ATM Marketplace, Barnard said the market had grown significantly, and the trend will probably continue.

“We’re now at the ATM IA (Industry Association) Conference here, looking to work with some of the largest and best operators in the world. So we’re seeing ATM operators from the traditional ATM industry come into this space who want to own and operate their own Bitcoin ATM.”


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Coinbase
Coinbase

Coinbase is a digital currency exchange headquartered in San Francisco, California.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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