Australia ranks 3rd in crypto ATM installations after US and Canada
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Despite the bear market and the record-low dynamics of new Bitcoin ATM installations around the world, Australia breaks into the top three nations globally by the number of crypto ATMs. It was only in the first days of January
A year-long bear market in 2022, accompanied by geopolitical tensions and global inflation, resulted in a dramatic slowing down of the crypto ATMs installations. Only 94 Bitcoin ATMs were added between July to the end of 2022 to the global network in contrast to 4,169 ATMs during the first half of 2022.
In January 2023, the Australian city of Coolangatta got its first Bitcoin ATM with integrated Lightning Network capabilities. It works similarly to traditional crypto ATMs but saves significant time due to the layer-2 Lightning solution. And also allows for purchasing very small amounts of BTC.
