Bitcoin ATM Installations Drop to Two-Year Low Amid Controversy Over Criminal Use
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The number of bitcoin ATMs installed worldwide sank to a two-year low this month, down 17% since end of last year to 32,500.
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The U.S. hosts the largest number of bitcoin ATMs at about 26,700, down from 34,500 at end of 2021.
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Europe hosts only 1,500 bitcoin ATMs, far less than the U.S.
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Decline attributed to controversies about potentially criminal use, like scammers asking buyers to deposit funds then vanishing.
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Drop creates opportunity for major operators like Bitcoin Depot to increase market share through acquisitions and adding kiosks in more retail locations.