Connecting the ecosystem with Square has been the dream since we launched bitcoin in nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l in 2018
Starting today, all merchants can now seamlessly stack bitcoin behind the scenes from their daily sales
Bitcoin Payments Acceptance will be live for everyone on November 10
https://blossom.primal.net/25d6e113c9b12b602934303459405dfbcfe0333a69d00b959165b79ba86f61ac.mov
First of all, this is amazing.
Secondly, if a business decides to accept bitcoin with Square and settled in 100% USD, is that considered a taxable event? Would the "gains" be neutral in that situation since it is instant?
Don't want vendors coming back to me after I show them how to accept bitcoin and complain that they are paying a bunch of extra taxes...
