Spain Will Install 100 Bitcoin ATMs in 2022

Spain will be ranked third in the world in terms of the number of Bitcoin ATMs.

Bitnovo, one of the most popular Spanish bitcoin payment systems, has teamed up with Eurocoin, Europe’s biggest supplier of electrical components, to build 100 cryptocurrency ATMs in Spain by 2022.

When it comes to the number of Bitcoin ATMs, Spain leads the way in Europe. The additional installations would likewise be ranked third in the globe (behind only the U.S. and Canada).

Aside from Bitcoin, the ATMs that have yet to be deployed will handle Ethereum (ETH), Tether (USDT), and Monero (XMR).

Eurocoin Group, formed in 1973, has operations in six different European nations.

Most agreements, according to CEO Fernando Dumont, are a “strategic move” into the bitcoin market. He goes on to say that cryptocurrency will coexist with regular payment methods.

According to CoinATMRadar statistics, there are 34,659 cryptocurrency ATMs worldwide, with the great majority (30,806) installed in the United States. Canada comes in second with 2,261.

El Salvador is ranked third after the government built 200 ATMs around the country following the tropical nation’s adoption of Bitcoin as legal cash. Spain is now fourth, but it will certainly overtake Central America before the end of the year.

In 2019, Spanish law enforcement expressed worry about criminals utilizing Bitcoin ATMs to launder money.

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