TL;DR Breakdown
• Bitcoin Depot has installed over five thousand Bitcoin ATMs.
• El Salvador allowed the installation of several BTC ATMs after legalizing cryptocurrencies.
One of the most popular Bitcoin ATM companies in Canada and the United States, Bitcoin Depot, reveals that it has set a new record in ATM installation. The ATM company has announced that it completed the installation of 5,000 crypto-ATMs in its countries of operation.
Since the beginning of the year, Bitcoin Depot has not rested in giving access to all crypto enthusiasts with its ATMs. The company is working three times longer than normal, which has pushed its production to staggering levels.
Bitcoin Depot creates perfect link to cryptocurrencies
With Bitcoin ATMs, cryptocurrency fans have the perfect link to invest their money. The United States and Canada have given Bitcoin Depot access to fill the region with their ATMs to buy and sell Bitcoin with their fiat currency. The company has also reached countries in Latin America where the fever for the decentralized market is on the rise.
Bitcoin Depot has grown, but not only because of its dedication to creating ATMs but also because of the partnerships that have strengthened it. The latest link of the crypto company is with Circle K, one which has allowed them to increase its Bitcoin ATMs.
The company is currently in its best moment with Bitcoin reaching new levels of adoption in North America, Canada, El Salvador, and other countries. Bitcoin Depot offers security and a solid crypto transaction system.
Bitcoin ATMs have become a priority for Salvadorans
The cryptocurrency market is on the rise, and with it, the BTC ATMs gain value. One of the new participants in the crypto market is El Salvador, which opens the doors to decentralized commerce with its president Nayib Bukele.
Bukele authorized the use of Bitcoin as legal tender and allowed the ATMs installation. Although it is not known how many ATMs exist in the Central American country, maybe Bitcoin Depot was involved in their installation. Considering that the company is one of the most popular in that part of the world and is one step ahead in adopting cryptocurrencies.
Although the crypto landscape looks wonderful for ATMs, these products are not far from vulnerable. In the United States, some Bitcoin ATMs have been hacked, which has brought millions in losses.
According to reports from Kraken Security, many of these crypto ATMs have a basic security system where the managers have not changed their QR. It is easy for virtual hackers to steal data and money at these ATMs with a predetermined two-dimensional code. However, the companies in charge of these crypto-ATMs have promised to put in the hours required to fix the failure.
