There Are Now More Than 5,000 Bitcoin ATMs Around the World

The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time, monitoring resource CoinATMRadar confirmed on June 24. According to the latest statistics, there are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously. The data caps a protracted period of growth…

ATM bitcoin payments via lightning network becomes a reality

On March 31, 2019, Weis publicly demonstrated a transaction via Lightning Network at a bitcoin ATM, during the Lightning Hackday, in Hong Kong. The crypto industry is becoming increasingly enthusiastic about the Lightning Network because it offers to drastically lower BTC’s transaction fees while making it possible to execute near-instant transactions. Moreover, the demonstration of…

Dubai First Bitcoin ATM Gets Removed Just 2 Days After Its Launch

Dubai’s first Bitcoin ATM, installed on March 19, was removed just 2 days after its launch, due to lack of AML/KYC obligations for the purchasing of Bitcoin (BTC). Earlier this week, IIB reported on the launch of Dubai’s first Bitcoin ATM, highlighting its most intriguing aspect — that users could purchase Bitcoin with cash while staying completely anonymous,…