Replying to Avatar πŸ₯©β„π•–π•Ÿπ•–π•˜π•’π••π•– ₿𝕦π•₯π•”π•™π•–π•£βš‘

I had hell with Strike too, finally quite trying because no direct deposit. And they closed my account.

Cashapp is killin it though!
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21 Stackage 🦑 2y ago

They're great. I wish CashApp used Lightning the same way Strike does, though

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πŸ₯©β„π•–π•Ÿπ•–π•˜π•’π••π•– ₿𝕦π•₯π•”π•™π•–π•£βš‘ 2y ago

Cashapp can generate and pay lightning invoices, they just need to add lnurls

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21 Stackage 🦑 2y ago

I specifically mean how Strike routes fiat payments via Lightning, but supporting invoices puts CashApp ahead of the pack. Does CashApp custody their own bitcoin?

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πŸ₯©β„π•–π•Ÿπ•–π•˜π•’π••π•– ₿𝕦π•₯π•”π•™π•–π•£βš‘ 2y ago

I'm not sure how they route their fiat payments, but I wouldn't be surprised if they use lightning on the backend. Transfers between Cashapp users and over lightning are all free.

According to them they do custody the BTC, and they don't leverage it. Apparently they keep a significant amount in cold storage as well. And, unlike the PayPal/Venmo schmucks you can get it into self-custody immediately. Same with Strike or any other on/off ramp don't leave your stack in their hands.

https://cash.app/help/us/en-us/31072-cash-app-bitcoin-operations

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21 Stackage 🦑 2y ago

Awesome, I might start using it more