Post
Topic
Board Beginners & Help
Re: How can bitcoin be used in shops, if payments take so long to process?
by
cbase
on 15/06/2015, 13:08:21 UTC
I think a system would have to be developed to make the process faster. What really can be done is to actually have a card-swapping type of system. User will have to enter his credentials in a machine and enter the payment amount. Then after authorization, shop owner can collect his payments from coinbase, localbitcoins or any platform. In short, coinbase, localbitcoins will actually work as a bank and can have small fees for their services.

That would be pretty complicating. The whole point of decentralized currency is that it is decentralized. If we bring in card swapping, or any other kind of banking stuff, then how will it remain decentralized. It will ultimately become a controlled currency.