El Salvador passed in early September a law recognizing Bitcoin as a legal tender. In this Latin American state, the number of crypto terminals has increased significantly since then.
By expanding the infrastructure, the country’s president Nayib Bukele expects to increase citizens’ loyalty to Bitcoin and give them the chance to freely use BTC in the national market.
At the moment, the United States holds the first place in the world in terms of the number of installed Bitcoin ATMs (24,295). El Salvador is in third place, as evidenced by the CoinATMRadar service (205 crypto ATMs). Canada holds the second place with 1,905 Bitcoin ATMs.
According to Statista, in just a month, with the support of the Salvadoran authorities, more than 200 terminals have been installed in the country. Experts note that in the middle of summer El Salvador was only in 43rd place in the ranking of countries in terms of the number of functioning cryptocurrency devices, which means the situation has changed considerably in a very short period of time.
In total, in the world, holders of virtual coins have access to 27,677 active Bitcoin ATMs in 73 countries.