This means anyone with dollars in their Cash App account will be able to scan a bitcoin/lightning invoice and pay it without needing to first purchase the bitcoin. This is MASSIVE.
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Would be better if you could pay businesses and other people in USD instantly from your Bitcoin balance. Wider acceptance and more people holding Bitcoin balances. People would be incentivized to hold Bitcoin for the potential earnings.
The buy fiat button is already super easy. The advantage of spending fiat is that it helps businesses stack sats from Bitcoiners who take Saylor's oath, "I solemnly swear I will never spend a single sat."
That way fiat spending maxis can spend fiat, but the business can still stack sats.
It also allows people to pay bitcoin transactions without having to account for bitcoin in their taxes.
That's true. My taxes are a pain in the ass, but I just want as little fiat as possible.
💯🤣 One of the most common excuses I’ve seen people give for not paying with bitcoin is that it would create a tax nightmare for them. This helps breaks down those barriers for those individuals.
I've heard it too. It's annoying. Some months I get lucky and don't need to pay any taxes. There's a silver lining to every cloud after all.😏
Bypassing legacy payment rails 🚀🚀🚀
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This is even bigger than the Square news this week, and that was the biggest thing to happen for bitcoin adoption this year.
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So they added @npub1ex7m...vyt9 like functionality?
Yes. Rolling out tomorrow according to that post.
I love the feature in Strike, but compare cashapp user base of the two services to understand how huge this is.
Good point!
I thought this was a @jack on @jack mallers crime, at first 😂
🤣🤣
😂😂😂
#V4V artists and creators, imagine what this means for you?
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Wow! Too bad we can’t use CashApp in Canada 😂
🫂😭 What about Strike? It has a similar feature.
Nope. No strike either……
Well, you see your first problem is, it’s Canada 🤣
😂 yep…..
Perhaps I'm mid curving this but I don't understand the significance of this. Who is gonna pay a bitcoin invoice that doesn't already have sats?
The means it just got a lot easier for a vendor to only accept payment in bitcoin. Let’s go.
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When I read Cash App, my brain goes “the motherfucking caaaaaaash aaaaaap” in @Marty Bent voice
This is how hyperbitcoinization actually happens.. quietly, one seamless payment at a time.
I meant, this:
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#BTC #Blocks
More compliance tech!!!! So good for Bitcoin!!!!
It's almost like we don't need Bitcoin for this transaction.
When Australia? @jack Any plans to rollout?