The just-published research found that the number of businesses with bitcoin ATMs in Canada is small but growing. Researchers found about 300 such businesses across the country and surveyed 20 of them for the study.
And it shot down a theory that early adopters of these types of machines would be cryptocurrency enthusiasts.
"Most put in the bitcoin ATM simply to try to help their business — the two most common reasons being to increase store traffic and to get some income from the bitcoin ATM operator," the report noted.
CRA surveyed businesses to find out why they're taking bitcoin ATMs | CBC News
Canada's tax agency commissioned research on businesses that installed bitcoin automated tellers on their premises. The CRA said it wanted to understand “the perceived value it brings to businesses and their customers, and attitudes towards tax compliance in the crypto-commercial sphere.”
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