El Salvador may have been the first jurisdiction to introduce Bitcoin as a legal tender, but it’s not a leader in many factors related to the crypto industry.
For one, Australia has now officially overtaken the Caribbean country in the total number of ATM machines available across its cities.
Australians have 216 ATMs at their disposal, which is ahead of the 200 or so that El Salvador has been able to usher in under the presidency of Nayib Bukele.
However, it’s neither Australia nor El Salvador that holds the crown for the most ATMs installed.
That distinction goes to Spain, which is said to sport 226 crypto ATMs, the highest number for any country in the world.
Australia could keep adding machines in the coming months. In the last quarter of 2022, Australia added close to 100 ATMs, as per data collated by CoinATMRadar which tracks the global availability of cryptocurrency cash machines.
While Australia accounts for only 0.6% of all global ATM installations, the country is said to be overtaking Asian hubs and may transform itself into the leader in the region.
Globally, there are 38,602 crypto ATMs available, with 6,071 ATM installations registered in 2022 alone.
The situation remains dynamic with ATM installations becoming an important part of the urban landscape as they support a global ecosystem of blockchain and digital assets.
Despite the collapse of FTX and the overall rout in the crypto industry, which saw billions worth of value drop.