I'm a digital nomad and I travel around a lot. Recently I'd lost my one main debit/ATM card, I was in Budapest and was running out of cash.
I'd never used crypto ATMs before as I never felt the need based in the states but for the first time I looked up a BTC ATM (5 mins walk from my hostel), transferred some BTC over from my Coinbase account, withdrew cash within 20 mins.
No Transferwise/WesternUnion, no calling up friends or family and figuring things out. This was the smoothest way I've ever received cash in a foreign country.
I'm not commenting about price speculation of crypto, etc. But if this experience is possible right now, I bet there's going to be a lot more use-cases within 5 years with actual users.
I'd never used crypto ATMs before as I never felt the need based in the states but for the first time I looked up a BTC ATM (5 mins walk from my hostel), transferred some BTC over from my Coinbase account, withdrew cash within 20 mins.
No Transferwise/WesternUnion, no calling up friends or family and figuring things out. This was the smoothest way I've ever received cash in a foreign country.
I'm not commenting about price speculation of crypto, etc. But if this experience is possible right now, I bet there's going to be a lot more use-cases within 5 years with actual users.