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ATM Bitcoin Exchange Expands Internationally in France

Last Updated March 4, 2021 4:50 PM
Rebecca Campbell
Last Updated March 4, 2021 4:50 PM

France has received a new bitcoin ATM from the ATM Bitcoin Exchange as it starts its international expansion. The latest bitcoin installation in Montpellier brings the number to five.

Group BTC France, subsidiary of the ATM Bitcoin Exchange has installed the new machine at UNPI 34 Chambre des Propriétaires et Copropriétaires 23 Boulevard du Jeu de Paume, according to the company.

The bitcoin ATM, designed by BTC Fácil, permits the purchase and sale of bitcoins – a two-way bitcoin machine – and is administered remotely through the use of security protocols such as tokens and a two-step authentication process.

For those not entirely familiar with bitcoin and how it works, they can take advantage of the onboard screen, equipped with multimedia content designed to inform the user of the core workings of bitcoin and the ATM itself.

ATM Bitcoin Exchange was founded in Gerona in January 2015 with Group BTC France being a part of it. To date, the company has 18 bitcoin ATMs in Spain. This expansion into France is the company’s steps at continuing its international expansion. Over the next few months, it will expand into Southern France and Greece.

Number of Bitcoin ATMs

According to CoinATMRadar.com, there are 741 bitcoin ATMs across the world with the U.S. making up the majority with 387. North America currently accounts for 67.75 percent of bitcoin ATMs compared to 23.21 percent in Europe. CoinATMRadar.com further reports that there are around 3.43 bitcoin installations each day.

Coinsource, however, remains America’s biggest bitcoin ATM operator after CCN.com reported earlier this month that it had installed a further four ATMs in the month of July.

Of course, with bitcoin’s popularity on a steady incline, it’s encouraging to see more countries in Europe turning their attention to the installation of bitcoin ATMs for the general public to make use of.

Featured image from Pieter Beens via Shutterstock.