Cryptocurrencies are becoming more and more mainstream. This is evidenced by the fact that the U.S. government is taking steps to develop a U.S. Central Bank Digital Currency (CBDC). In March 2022, President Biden signed a sweeping executive order instructing the federal government to explore possible uses and regulations for cryptocurrencies.
The executive order states, “My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”
On the Rise
With apparent support such as this coming from the highest levels of government, it’s no wonder that the cryptocurrency market is steadily on the rise. According to Finbold, a financial news source, a total of Bitcoin ATMS were installed around the world in March 2022. When broken down, that means that 22 Bitcoin ATMs were added to local populations on a daily basis during March.
Coin ATM Radar tracks that there are 32877 Bitcoin ATMs currently in the United States.
In a previous report, Finbold found that there were almost 20,000 new Bitcoin ATMs installed in 2021.
With this kind of surge in Bitcoin ATMs it appears that the strong support for cryptocurrencies around the world is not going to waver anytime soon.