Crypto ATM provider Localcoin has revealed data highlighting regional areas with a growing interest in blockchain technology. Locations like Wodonga, Wollongong, and Ballarant have seen machines that are particularly busy. Wagga Wagga, despite lower usage, records higher average transaction values, according to Localcoin’s CEO Tristan Fong.
“In Wagga Wagga, we’re witnessing a growing appetite for cryptocurrency. While current data shows lower overall usage of our ATMs, the transaction amounts are notably high when they are used.”
Localcoin is a Canadian company with over 400 ATMs in Australia, roughly one third of the country’s total machines. The firm has been adding 36 ATMs monthly this year.
Australia has had the fastest Bitcoin ATMs growth rate in the world since early 2023, increasing 16-fold to more than 1,200 machines. The country now ranks third in the number of ATMs, following the US and Canada, with 35,000 and about 3000, respectively.
These machines allow users to either buy crypto with cash or sell crypto for cash, supporting major cryptocurrencies like Bitcoin, Ether, XRP, and Dogecoin.
Regional areas are a key focus for Localcoin, filling gaps in crypto access outside of major cities. The company aims to ensure that people in smaller and rural Australian towns, such as Cairns, Shepparton, and others, can easily engage with cryptocurrency.
The Australian Taxation Office estimates that 700,000 to 1.2 million people will report crypto assets in their tax returns, with Localcoin reporting that 72% of their users are first-time crypto buyers, signalling broader public adoption.
In broader crypto news, Bitcoin has been gaining momentum, with prices nearing $64,100, the highest since August. Factors like the prospect of a second Trump presidency and recent U.S. Federal Reserve rate cuts are believed to be driving prices higher.
