Yes you are right. settlement is almost instant with this project, for new merchant we added some restriction period though which enables customers to escrow the payment for a specific period of time in order to verify if that new merchant is not a scammer. Simpler process is being used in Paypal.
The payment system is a promising field in the future. That is why so many coins come in. Perhaps famous large companies, banks, credit card companies may come in.
To that end, I think that it is necessary to develop early, is performance of payment of this coin, performance superior here, such as settlement speed is excellent?