Happy New Year, Mate: Aussies are now the fourth-largest cryptoATM hub after the US, Canada and Spain. El Salvador pushed down to 5th place.
after the United States and Canada in September 2021, Spain and Australia overtook the Central American country’s ATM count in 2022.
On October 2022, Cointelegraph reported that Spain became the third-largest crypto ATM hub after installing 215 crypto ATMs. However, Spain continued its installation drive and is home to 226 crypto ATMs at the time of writing. El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months.from CoinATMRadar. As of Jan.
Australia represents 0.6% of global crypto ATM installations and, at this rate, is well-positioned to take over Asia’s crypto ATM numbers, which stand at 312 ATMs. The total number of crypto ATMs worldwide is 38,602, out of which 6,071 ATMs were installed in 2022 alone.Nigeria’s drive to impose the adoption of an in-house central bank digital currency — eNaira — forced the government to limit ATM cash withdrawals to $225 a week.
“Customers should be encouraged to use alternative channels to conduct their banking transactions,” noted Haruna Mustafa, the director of banking supervision, while announcing the drive.
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