We would need faster coins with low transaction fees for the operation of such machines. And as the profit for machines comes from the product itself, they should not charge extra to the customers. The thing that killed bitcoin ATM was insanely high transaction fees and high commission fees.
The good thing with this machine is that it's set up with high speed transactions and low fees. Maybe it won't wait for confirmations to be completed as long as the machine detects your payment then your good to go.
We would need faster coins with low transaction fees for the operation of such machines. And as the profit for machines comes from the product itself, they should not charge extra to the customers. The thing that killed bitcoin ATM was insanely high transaction fees and high commission fees.
This machine is not just limited to BTC and we all know that XRP is way faster than BTC when it comes to transaction speed. I guess they already studied and have conducted a thorough research on the pros and cons when it comes to automated machines that accepts crypto so the speed and fees is already been taken care of by the company so that it will be realistic and usable in the society.
Wow. That's a really nice, the concept is very futuristic. There's a possibility that digital currency will be implemented as a mode of payment including this micropayments. The only thing that I think is the hindrance is why would you waste your btc in a pack of chips and such. But surely the concept is really good!
This machine accepts altcoins as well so that you'll have a choice on whether to use btc or xrp or other altcoins. I would definitely waste some BTC just for experience in operating this machine if given the chance.
Thats really cool. I'd like to have it in my city, they should list countries and cities too. I hope it implement soon in future. It will let people have faith in crypto.
The adaption of the people to this kind of innovation specially crypto is still limited so maybe few years from now. I am looking forward as well seeing one of this machines in my city.