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The machine doesn't do BTC to cash, but rather the other way around.
by michaelmior 13y ago
The machine doesn't do BTC to cash, but rather the other way around.
- idlephilosopher 13y agoIndeed, but a cafe owner can accept bitcoins as payment for their goods, and then sell those same bitcoins to the public via the machine. This takes away some of the friction from bitcoins becoming just another payment form like credit cards.
- michaelmior 13y agoGood point. I hadn't thought of that workflow :)
- oleganza 13y agoWhen I said "owner can load BTC in machine to convert to cash", I meant that people from street will put in cash for his coins.