Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three years ago in 2019. Since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1,971 new installations. However, data from Coin ATM Radar reveals an evident comeback in the installation numbers, as the world saw 817 Bitcoin ATMs installed in June — in just the first five days. Some of the key factors contributing to the slowdown of crypto ATM installations include geopolitical tensions across …

April 2022 marked the fourth consecutive month of the slowdown in the installation of Bitcoin (BTC) ATMs, which began at the start of the year. Bitcoin ATMs serve a crucial purpose for the Bitcoin economy, helping users physically retrieve or deposit holdings against the corresponding cash reserves. Based on data provided by Coin ATM Radar, the year 2021 saw the highest global increase in Bitcoin ATM installations, with August witnessing a peak net change of 2,037 ATMs. In January 2022, the net change fell to 1,687 from December 2021’s high of 1,969 ATMs. Ever since, the net change in crypto …

Things required to use a Bitcoin ATM There are a few things you’ll need to prepare before you can get started on using a Bitcoin ATM: A crypto wallet The first thing you'll need before using a Bitcoin ATM is a crypto wallet. More specifically, you'll need a Bitcoin wallet. A crypto wallet is an app or a piece of software that allows you to store your crypto. In this case, you'll need a wallet that specifically supports Bitcoin (BTC) — one that allows you to send and receive Bitcoin. It shouldn't be a challenge to find a good one …

Austrians have “sufficient funds” for more Bitcoin ATMs — that’s the verdict that MediaMarkt, a German electronics retailer, reached following a successful Bitcoin ATM pilot in Austria. MediaMarkt has rolled out Bitcoin (BTC) ATMs in 12 branches across the country, including Seiersberg and Klagenfurt. Confinity and its spinoff ATM company, Kurant, manage over 200 Bitcoin ATMs in Austria, Germany, Spain and Greece. Kurant's Head of Marketing & Sales, Europe, Thomas Sperneder told Cointelegraph: "MediaMarkt stores across the country have been equipped with Bitcoin vending machines. In total, these are now present in twelve markets and enable the simple and secure …

The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry. According to FCA’s job postings on LinkedIn, the authority is now hunting for a head of the digital assets department and a director of the payments and digital assets department. Both job postings target the crypto savvy. Published on Monday on LinkedIn, FCA’s head of digital asset job posting targets a candidate who will be accountable for leading the authority’s approach to regulatory operations within the crypto industry across the United …

Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a damning verdict on the presence of Bitcoin (BTC) ATMs within the island country. In what has come as a surprise to many within the industry, the U.K. authority has issued a stern “shut down or face further action" order to operators of Bitcoin ATMs, outlining their intentions to contact these companies to affirm the notice. The watchdog cited a lack of regulatory structure, the high-risk potential of fluctuating assets and the importance of upholding the principles established within the Money Laundering Regulations (MLR) as the primary reasons for …

In a new twist for nonfungible tokens (NFTs), Solana-based NFT marketplace Neon deployed an NFT ATM in the financial district of New York, giving people a very familiar way to acquire NFTs. In an interview with Cointelegraph, the Co-founder and CMO of Neon, Jordan Birnholtz shared the story of how the NFT ATM came to life. According to Birnholtz, the idea came as their team members were having lunch. Birnholtz himself is a growth marketer, and his business partner Kyle Zappitell is a former Xbox Mobile gaming engineer "who is passionate about using software to create fun and accessible experiences," …

Over the last six months, Bitcoin (BTC) recorded numerous milestones — El Salvador’s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year. Bitcoin ATM installations in the first two months of the year have historically increased year-over-year, as evidenced by data from Coin ATM Radar. The trend, however, breaks this year. Considering only January and February 2022, a total of 1,817 crypto ATMs have been installed worldwide. In the same …

The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state. According to Bloomberg, to comply with new regulations issued by the Monetary Authority of Singapore (MAS), Singapore's central bank, cryptocurrency ATM operators in the country were forced to shut down their operations on Tuesday. The new clampdown on cryptocurrency ATMs sparked several reactions from the city's cryptocurrency operators, with Daenerys & Co saying it was "surprised" and canceled its ATM service on Tuesday evening. Their main competitor, Deodi, switched off its ATM network and sent staff to remove its crypto ATMs. The …

Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations. According to Ámbito, Uruguay’s first crypto ATM was installed in the coastal city of Punta del Este, a major tourist attraction in the region. Uruguay’s first Bitcoin ATM was developed and installed in partnership with two local crypto companies — URUBit and inBierto. The crypto ATM in Uruguay currently supports withdrawal and deposits of five cryptocurrencies, namely — BTC, Binance Coin (BNB), …

Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000 given its valuation of $19.1 million in June — as part of a strategic investment in the crypto company. The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. "We continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate …

Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama City, Santo Blockchain will invest a total of $1 million into Latin America in general next year as part of its 300 Bitcoin ATM plan. Santo Blockchain announced Panama would be the first country to benefit from its newly purchased Bitcoin ATMs, while Colombia and …