Leading Bitcoin ATM firm Coin Cloud is planning to capitalize on the asset’s high demand by the end of 2021. Coin Cloud plans to install an additional 8,000 Bitcoin ATMs worldwide.
During an interview with the local news outlet News3lv.com, Coin Cloud founder Chris McAlary stated that the firm has already installed 2,000 machines all over the world. Keeping in mind the firm’s new target, this figure will surge by a whopping 400% in a year.
Chris McAlary notes an accelerating demand for bitcoin as the asset grows in popularity. He also added:
Moreover, Coin Cloud has already installed 16 machines in Las Vegas. About that, McAlary notes that the city is perfect for Bitcoin ATMs due to international tourism.
Additionally, the founder acknowledges that bitcoin has evolved to become a key means to transmit money globally. Not just this, but in Las Vegas, more Bitcoin ATMs will be located in casinos, grocery stores, and coffee houses, according to McAlary.
Further, Coin Cloud expansion is in line with the recent research report that shows that the global crypto ATM installation rate stands at one machine per hour. As of April 6, 2021, the total number of Bitcoin ATMs globally stood at 17,827.
Also, the research projects the figure to reach 20,000 by June 2021. Of note, the growth in ATMs reflects bitcoin’s rally amid the almost $65,000 new all-time high.
This article was first published on coinquora.com
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