Australia has shocked the cryptocurrency world by installing hundreds of Bitcoin ATMs. The latest round of installments broke the Asian record for the highest number of installed Bitcoin ATMs. Australia now hosts the third-largest network of Bitcoin ATMs worldwide. We must also note that the recent round of installments eclipses the combined total of Asia. Today, Australia has more Bitcoin ATMs than economic powerhouses such as China, Japan, and India combined. The Asian continent currently hosts 355 crypto ATMs. This represents 1% of the global total, while Australia has reached 364 Bitcoin ATMs, a 1.1% of the global total. For your information, the United States accounts for 84.5% of the global total in terms of installed Bitcoin ATMs.
Australia Keep Working Towards Bitcoin And Crypto Adoption
Despite the anticipated release of consultation papers, we might not see the final submission to the cabinet until the end of the year. This implies that any decision taken this year will likely be followed up in 2024. However the case may be, Australia’s commitment to cryptocurrencies may serve as a blueprint for other countries.
The rapid expansion of Bitcoin ATMs across Australia demonstrates the demand for Bitcoin adoption in the country. Not only that, but it also showcases how willing the government there is to support the growth of the crypto industry. Just like the United States, Australia is continuously working toward the needs of its citizens.