Bitcoin Rapid Adoption: Prague Install More Bitcoin ATM, Worldwide BTC ATM Cross Over 3k

29 May, 2018 Updated 29 May, 2018

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Prague metro system gets Bitcoin ATMs, Czech Republic going BTC pro

Over the last few months, Bitcoin has been experiencing a rise in its adoption as organizations around the world have started accepting BTC as payments. Recently, Czech Republic’s energy giant announced Bitcoin payment acceptance. Also, Argentina bank introduced a new program where it will allow the cross-border payments with BTC.

The latest development in this field is the rising Bitcoin ATMs. The Czech Republic is certainly recognizing the importance of Bitcoin as its capital and largest city Prague gets 10 new BTC ATMs.

Prague has one of the busiest metro stations in Europe. With more than 1.6 million passengers a day, these ATMs will be gaining a substantial level of exposure.

The 10 most important metro stations of the city will get the Bitcoin ATMs which are Dejvická, Zličín, Pankrác, Můstek, Hlavní Nádraží, Flora, Černý Most, Skalka, Florenc, and Nádraží Veleslavín.

Another important factor is a few of these metro stations are touristic places that further means more exposure and adoption.

Also, read: Bitcoin Fee at its Cheapest as SegWit Adoption Rises to its All-Time High

Bitcoin adoption growing at fast pace globally

BTC ATM are gaining a lot of popularity as more and more are being added all over the world. Despite Bitcoin price experiencing significant lows for the past few weeks, Bitcoin ATM are only rising.

According to the latest data, Bitcoin ATM have broken the 3,000 number milestone set in mid-May and reached about 3,125. At the rapid pace, this number is growing, about 6.15 installations are made every day.

Around the world, the United States has the highest number of Bitcoin ATMs in about 1965 locations. Canada has them in over 500 locations and Austria in close to 200 locations. UK, Spain, and Russia have BTC ATMs in about 134, 55 and almost 50 locations respectively.

Bitcoin (BTC) price is currently at $7,176 and the struggle keeps on going. However, with developments like Bitcoin ATM installations and its acceptance as payment surely is a good thing for Bitcoin and the entire cryptocurrency market.

What are your views on Bitcoin adoption rising at such an increasing pace in spite of BTC price drop? Share your thoughts with us!

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.