https://coinreport.net/atm-industry-association-releases-position-paper-bitcoin-bitcoin-atms/The value proposition for merchants, the paper notes, is that Bitcoin will not result in chargebacks for fraudulent transactions, as the digital currency is not insured. But the lack of insurance creates risk for consumers if their Bitcoin wallets were to be compromised. For example, under European Union law, consumers are not protected by any refund rights when using digital currency for commercial transactions.
The paper notes digital currencies are now being used for low-cost remittances. For example, ZipZap users can deposit cash for Bitcoin, whose value can then be cashed out across borders. The value of some local currencies may be more volatile than that of Bitcoin, which would make Bitcoin attractive for such cross-border remittances.
