Nach Jahren der Fehlstarts wächst Australiens Bitcoin-Geldautomaten rasant

tldr; Bitcoin ATM installations in Australia have seen a significant surge, making it the fastest-growing market globally. From just 73 ATMs in September 2022, the number has increased to 1,162, ranking Australia third behind the U.S. and Canada. This growth follows a period of regulatory challenges and a crackdown on ATMs linked to criminal activity. The expansion is largely attributed to foreign companies, like CoinFlip, entering the market and filling the gap left by local operators like Auscoin, whose license was suspended by the financial regulator AUSTRAC.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

It’s puzzling.

They cost more and are highly susceptible to scams.

Also, I’m sure criminals scope these ATMs and find targets using them.