That is one heck of an update. If the team even remotely touches some of those bullet points it will be big news for BTX.
I've been around close to day 1 and don't plan on leaving. You look at other coins like Raven, Pigeon etc and how quickly they can get adoption just on transparent dev faces (we've already had) and a little hype. Still no real world use built in and pushing crazy volume.
If BTX starts heavy development and fulfills payment gateway solution then it's just a matter of time till it gets the recognition.
I'm a long term holder and even if price drops down some more I'm still happy and excited about the future of this coin.
The idea is good, but I see a problem with the non crypto people. Yes, we can try to do it simple, but I feel like people who are not interested in crypto just dont see a reason why the heck should they change their money to something and than change it back to buy stuff. The only potencial value is that they buy cheap and when they use it, it has bigger value. But it is still more like an investment than daily real life usage.
It's not just for crypto if I understand correctly, they are building a payment gateway ON the blockchain which interconnects the two. I'm assuming you can use it for crypto related transactions and normal P2P fiat transactions. That in itself gives it real world value as well as crypto (blockchain) normalized value.
Lets say everything works and is implemented. I can imagine having some bag of BTX, for example 1000 and keeping it. Its value can go up, but it can also go down, so it is a high risk/reward investment. Why would I need to go to some bigger city with special ATM that can give me fiat for my investment when I decide to cash it out? Still seems faster and easier to use some service like exrates or even exchange to btc and sell btc for fiat.
I can imagine how POS can be working this way, keeping my 1000 BTX bag and whatever it earns above that (lets say 10 BTX a month) i can spend it. And if I am lucky and i go around ATM, I can exchange it to fiat. Of course better would be using my phone with NFC to pay by android pay, which would directly exchange my btx while paying, but that is probably too much future
If you are talking about cashing out BTX it will probably be quicker to just convert through exchange, go to coinbase, and convert to bank account.
However, in next few years, availability and convenience should allow quicker solutions. I'm not too worried about the ATM's for BTX holders, I'm more excited that they are developing a payment gateway service. This could help small businesses and such by providing point of sale services as well as a lot of other things.
So yeah, the ATM isn't necessarily exciting for someone looking to cash BTX value out, even though it can handle that task, it's more about the possibilities it creates and provides liquidity for BTX as well.
I still think it's an awesome move. Having a real purpose with a real objective will help push the value of Bitcore even more.
So for small businesses, lets say they are able to get PoS transaction fees down to a minimal amount, this provides incentives for places to switch to this style of ATM. The upside is: It can not only handle cash dispensing, but also be used as a gateway to buy BTX directly with FIAT.
How many places you know that you can walk up to an ATM, put in cash, and pretty much receive stock in that company? I think it's a great idea and I still may not be grasping it all
*edit Also, this is a decentralized ATM...it could be programmed to accept different local currencies and work across the globe, that in itself is huge.