Can these crypto-related developments make Spain the next EU hotspot? – Media Patrollers

As of October 22, theSpain succeeded in overcoming the salvador and to become the third largest cryptocurrency center in the world. As of press time, the European country is home to 215 cryptocurrencies. El Salvador, meanwhile, had 212 ATMs.

The leader of the EU – Spain

Data from Coin Dispenser Radar showed that Spain has the highest number of cryptocurrency ATMs in the European region. The country accounted for 14.65% of the continent’s total ATMs. Switzerland ranks second with 142 ATMs, followed by Romania with 135 ATMs.

MediaMarktConfinity and Bitnovo are among the companies that have been actively involved in the installation of ATMs in the EU. In early 2022, Spanish crypto platform Bitnovo announced a partnership with European electronics manufacturer Eurocoin.

The joint venture searched to install more than 100 ATMs across Spain in order to make this country the third distribution center for cryptocurrencies. It seems that the goal of getting Spain into the top 3 has been achieved without having to install 100 ATMs.

Earlier this year in January, María Muñoz, the MP for Spain’s political party Ciudadanos, proposed a bill to make Spain a center for cryptocurrency mining.

The situation of cryptocurrencies in Spain

Cryptocurrency ATM installations can be seen as an important indicator of cryptocurrency adoption in different regions. But facilities aren’t entirely dependent on local adoption. For example, the vending machine operator Bitcoin BCash has strategically placed its ATMs in Greece focusing on popular tourist destinations.

In addition, United States also had the highest number of installed cryptocurrencies, home to over 87% of ATMs globally. After growing steadily for nearly six years, crypto cashpoint installations around the world have seen a slowdown. struck last month.

The crypto winter has finally caught up with this sector of the industry. It can be concluded that the total number of ATMs installed decreased by 2% during the month.



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Can these crypto-related developments make Spain the next EU hotspot? – Media Patrollers


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