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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.

@peakdemand

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