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Huh. One-to-three day transfer times doesn't seem to have hurt the dollar much: http://www.depositaccounts.com/blog/inside-look-at-ach-transfer-speeds-at.html
"Instant" payments with world currencies is an illusion created by your bank of financial institution based on how much they trust the person or institution sending the money. There is nothing stopping bitcoin financial institutions from using the same trick, and I think as the bitcoin economy grows and companies start to trust each other instant transfer times will happen.