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RE: STEEM ATM / Cash Machine - Steemit Support For Bitcoin ATMs
The transaction time means very little. When you pay for your coffee with a debit card the transaction is completed at the console but the merchant might not receive the money for up to four days depending on the company. Debit or traditional networks are much slower than Bitcoin.
That is true, bitcoin is much better and faster than traditional banking but there are other good cryptos out there.
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. :)