Australia Gets Bitcoin Lightning ATM, Dethrones El Salvador as Crypto ATM Hub

Australia has officially overtaken El Salvador to become the 4th largest crypto Automated Teller Machine (ATM) hub, stripping El Salvador of the position. Data from CoinATMRadar revealed this significant shift in the global cryptocurrency landscape.

Recently, Australia, with about 219 cryptocurrency ATMs, has surpassed El Salvador, to become the fourth-largest hub for bitcoin ATMs. The latter has 200 ATMs in the country.

The first Bitcoin ATM with built-in Lightning network capabilities is located in Coolangatta, Australia. The public can now use the new ATM, which has been installed at The Strand. This marks a significant step forward in Bitcoin adoption in Australia, allowing for faster and cheaper transactions using the Lightning Network.

Australia superó recientemente a El Salvador para convertirse en el cuarto centro de cajeros automáticos criptográficos más grande del mundo. El país con sede en el hemisferio sur is rapidly expanding its crypto infrastructure.

President Nayib Bukele of El Salvador made the decision to place more than 200 cryptocurrency ATMs around the nation as part of his effort to make Bitcoin a legal cash. Si bien esta medida convirtió a El Salvador en el tercer mayor centro de cajeros automáticos de criptomonedas en ese momento después de Estados Unidos y Canada, it has since been surpassed.

Australia Overtakes El Salvador to Become 4th Largest Crypto ATM Hub. Read this full report

The recent installment of the Lightning-enabled Bitcoin ATM in Australia comes in the wake of the country overtaking El Salvador to become the fourth-largest Bitcoin ATM location globally.