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It is but merchants will likely to use or will use an intermediary like Coinbase. That way you get your coffee right away. Now a cup of coffee is very little risk but if you were buying a computer from me and it was wallet to wallet, I'd make you wait :p

If I were a merchant I would not like to use any intermediary to be fair. It is better to receive the payment instantly but that is how I see it. I value your thoughts and comments. :)

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