The domino effect of a prolonged bear market seeped into the Bitcoin (BTC) ATM ecosystem as September 2022 recorded negative growth in global net installations for the first time in history — primarily driven by a slowdown in the United States.

The United States alone recorded a reduction of 825 ATMs.

The net change of cryptocurrency machines number installed and removed monthly.

Source: CoinATMRadar Despite the setback, data based on 60 days suggest that nearly 14 crypto ATMs are being installed globally per day, with Genesis Coin representing a 40.3% share of ATMs among other manufacturers.
Other popular crypto ATM manufacturers include General Bytes and BitAccess.

The firm plans to set up 50 BTMs across the country by August 2023.
Source: Cointelegraph
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