El Salvador lost its position as the fourth largest country in terms of the number of crypto ATMs, giving way to Australia and Poland, according to Coin ATM Radar, an observer of the crypto ATM network.
As part of the campaign to bitcoinize the economy of El Salvador, the government of the country has installed 212 cryptomats. At the initial stage, this allowed El Salvador to enter the top three, after the USA and Canada.
However, during 2022, Spain joined the race, managing to take third place in the ranking with 273 cryptomats. Then Australia, which deployed 99 cryptomats in the shortest possible time and displaced El Salvador from the fourth position. The total number of devices in Australia has reached 225 units.
Poland has not lagged behind the leaders – by the beginning of 2023, 222 cryptomats were installed in the country. Thus, in about a year, El Salvador dropped from the third position in the ranking to the sixth.