Australia surpasses 1,000 bitcoin ATMs

Australia now has 1,002 bitcoin ATMs in operation. This makes it the third largest bitcoin ATM network in the world, with Canada in second and the U.S. in first place, according to a report by Coin Telegraph.

Australia makes up 2.7% of the total bitcoin ATM network, while the U.S. hosts 82.8% of all bitcoin ATMs.

At the current rate of installation, Australia may surpass Europe, which currently has 1,617 machines in operation.

However, bitcoin ATMs have shown some security issues, such as the recent hack that revealed the source code for El Salvador's government-backed Chivo bitcoin ATMs.