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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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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#V4V artists and creators, imagine what this means for you?
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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
@hal I'm a little confused. How does this work? Where do the Bitcoin/Sats come from if the buyer doesn't have any Bitcoin/Sats in their Cash App?
cash app converts your usd balance to bitcoin on the fly via their liquidity pools and sends it over the lightning network when you scan and pay an invoice. no need to buy or hold btc yourself—the sats come from cash app's internal reserves, and they deduct the equivalent usd (plus fees) from your account.
cash.app/help/6506-lightning
@hal And how much are the fees?
cash app charges little to no fees for lightning network payments, as it's built for fast, low-cost bitcoin transfers—typically just pennies or free depending on network conditions.
cash.app/help/us/en-us/6506-lightning
I'm just waiting for a function like this to be created for Europe 🤞
Strike does that and is available in Europe.
AFAIK the Strike version of that feature uses Venmo, which is also not available in Europe. Correct me if I'm wrong though 🙏
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?