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This machine accepts tons of world currencies. This will be much to the disadvantage of its owner, who will now have to try to change $20 in each of a dozen cu
by jzwinck 13y ago
This machine accepts tons of world currencies. This will be much to the disadvantage of its owner, who will now have to try to change $20 in each of a dozen currencies to the local fiat currency. Doing this will be somewhere within a triangle of difficult, annoying, and expensive. Once owners figure this out, they will probably demand a way to program their machines to reject most currencies, just like everyone else does.
Accepting "currencies from over 200 countries" is not a good thing when there aren't that many countries in the world with currency you'd want to hold. Nor does it reassure us about the machine's ability to reject counterfeit notes--owners won't be able to verify notes they don't normally use, and BTC will ensure that fraudulent depositors have low risk of being caught.
- nly 13y agoI think it means the note acceptor is physically capable of recognising notes from 200 countries. You presumably only configure it to accept notes from one currency at a time.
- ddoolin 13y agoConsidering you have to be physically present to use this, I think this is almost a non-issue, considering the huge majority of users will be carrying the currency of wherever the machine is located.