Contrary to the growing adoption of bitcoin (BTC) around the world, the number of physical ATM machines used specifically for encryption conversion has been reduced. In March alone, 3627 encrypted ATMs will be removed from the network, bringing the total number of ATMs to 33727.
In the decade since the launch of the first Bitcoin ATM on October 29, 2013, the net shift in the number of encrypted ATM devices installed and removed every month has mostly coincided-which means that the total number of encrypted ATMs worldwide continues to grow. However, according to the information detected by Coin ATM radar, this trend has been reversed.
As shown above, the net installation of encrypted ATM decreased for four months from September 2022 to March 2023. However, 3627 encrypted ATMs were abnormal last month, with the biggest monthly decline in March 2023.
The picture shows the total number of bitcoin devices installed over a period of time, revealing a sudden drop in the total number of login password ATMs. Fully considering that the maximum number of ATMs installed in a month is 2048-as early as January 2021-it seems to be of great practical significance to fully consider this decline.
On the bright side, 37 login password ATMs were recorded on April 1, breaking a nearly three-month downward trend. At this stage, the market leaders in the production of login password ATMs are General Bytes, BitAccess and Genesis Coin.
General Bytes Service promises liability after the loss of customer assets in a "security incident" in March. The incident resulted in the theft of customers' hot wallets.
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"We have immediately taken effective measures to avoid further unauthorized browsing of our own system software, and will maintain our products day and night," Senior General of massive engines said in a statement.
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Tue, 18 Apr 2023