There has been a remarkable growth in the use of crypto ATMs globally. Data from CoinATMradar.com says that by June 1, 2019, there were a total of 4,858 crypto ATMs globally. It is estimated that these machines have now hit the 5000 milestone. In contrast, there are over 3 million functional traditional ATMs in the world today. It is estimated that there will be 4.3 million conventional fiat ATMs around the globe by 2020.
Crypto enthusiasts say that the disparity should not be a source of alarm. They, in fact, say this extensive traditional ATM network is good for Bitcoin. A Reddit user RickDawkins, for instance, says: