Right but as far as I can tell there's nothing "crypto" about that, it's still a privately owned ATM which offers financial services, like every ATM does. You s

Right but as far as I can tell there's nothing "crypto" about that, it's still a privately owned ATM which offers financial services, like every ATM does. You still need some private entity to provide the service, like the parent wants his bank to provide a service to transfer cash to his account. One big difference with crypto is that if you actually own your coins on an address you control then you could have several third party services competing instead of having your money "stuck" in a bank, but again I don't expect most people to do that.