we blasted through our monthly goal for bills paid with Bitcoin in 10 days
from what i’m seeing in our numbers, living on Bitcoin is taking off. it’s a movement
Discussion
👀
Serious life goals
I’m sure many people have asked for this already.
But I hope Strike becomes available in the People’s Republic of Canada soon.
If it works for you. I'm not allowed to use it in the states. I kept getting flagged with kyc bs, customer service just kept asking me to submit the same thing with no explanation
It’s a beautiful feeling. 🫂
This is good news 👏
Very good 🫡
Congrats bro
is there any way to set an automatic cash distribution to another bank account? I have one bill I pay by check each month. it's doable but cumbersome to spot sell, move the cash, and let the autpay check get cut from the other bank account.
We are winning 😎
Is this feature only available in the US? I cannot see it (I am from Lithuania).
Also, are there any plans to issue debit and/or credit cards?
Yes. Do Canada next please sir! 🙏
Cool, congrats!
Do you have any more numbers to share? Are we talking thousands of people?
I am and it certainly makes me thriftier
Any plans for Mexico?
Love it
I'm having trouble connecting my bank ( smaller credit union) is asking for the banks log in info for its browser based log in. Does my strike credentials work to log in on that site or no?
Frens are winning bigly
Let’s goooo! What time you going live tonight?
Congrats on this achievement!
⚡⚡⚡⚡⚡⚡😋😋😋😋
Been waiting for this forever. Gift cards are useful but not ideal. 🫡🫡
how the hell do you pay your taxes?
Last episode of mail bag Monday gives a great tax breakdown!
Jack, any info about when Strike will be available in Canada?
Is all the functionality you showed off in the demo video for living on a Bitcoin standard available in the Strike app for Europe as well?
I gave up holding fiat nearly 3 years ago now, you guys just made it 10x easier.
Sick 🔥 Can’t wait for this to be available in Australia
It is. I bought breakfast using my strike app a few weeks back at the 2 left sisters cafe in Mornington vic
Hold up, the bill pay integration isn't available yet is it? My assumption was that it would require integration with the banks - have I got that wrong?
My strike app is linked to my bank account for instant purchase of btc but I don’t know about the bill pay function
I wrote an article about it that might answer some of your questions.
https://bitcoinbarks.com/Barks/strike-bill-pay-deep-dive/#wbb1
Sick, I’ll try updating the app but I haven’t been able to yet otherwise!
I'm going to assume that nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 is also reaching out to business that are getting some of these payments to help them set up to receive Bitcoin directly instead of going through the USD at all.
is there an easy way to figure out your tax liability via strike btc/bill pay integration?
Strike provides year end tax statements that can be provided to your accountant or uploaded to your tax software.
I cover this in my article on Bill Pay!
https://bitcoinbarks.com/Barks/strike-bill-pay-deep-dive/#wbb1
I start the transition tomorrow 🫡
Yeah. Cool. Now do SEPA payments in Europe. You people outside of EU have it easy. We're stuck here with providers only accepting SEPA transfers, which makes it hard to leave banks completely. And no technical solutions in sight.
nostr:note15th0crzgyryg4gfzjlh3k5mklspnyetmdzd37lerwvcrm3ez3x6s8tcylg
My guess/ hope is that in a not so distant future (5/10 years ?) these kind of services are not needed anymore and that living (tax free) on a Bitcoin standard becomes possible.
As more and more people will be incentivized to accept it in order to capture the windfall of wealthy Bitcoiners wanting to cashout quietly by spending their stack daily. Free market will do its thing once again.
Bill pay with bitcoin and fees for strike to collect?
Or bill pay with bitcoin without fees??
Reason I am genuinely asking is because I was wondering what is the difference between the bill pay feature and like
Selling bitcoin to pay the bill?
Either way you get slapped with a fee?
I’d like to bill pay with bitcoin with no fees ….
Then find merchants who accept Bitcoin directly. Strike has to do a lot of work to build the functional bridge between the FIAT economy and Bitcoin and they deserve to get paid for it.
Convenience and speed. Also not your keys not your coins lol
I have cold store for my savings,
I’m talking about my checking lol
What a terrible note… convenience and speed? lol
That has nothing to do with what I’m talking about 🤡
It's pretty dang convenient and objectively speedier than futzing around with selling it yourself. Which is 🤏🏻precisely what you were talking about.
I abhor the platform, not shilling for it. If you don't want answers then don't ask the whole world next time 🤣🤣🤣
I come across as a dick on accident sometimes, I guess what I’m trying to say is I don’t care about convenience or speed…. Not nearly as much as I care about the fees
I’m shit noting about fees here
That’s basically all I’m doing
I wanna shine a light on who has higher fees
I’m not sure what the best option is fr
But I want to continue discussing who has the lower fees and maybe it helps create more competition between companies
Like if you want my business, I’m going to go with whichever one has lower fees
That’s all I was bitching about sorry lol
Who has lower fees cash app or strike?
#asknostr
if you setup a recurring buy on strike there are ZERO fees after 1 week
What about direct deposit?
Like paid in bitcoin? Any fees ?
I don’t do that. I read about it and don’t think there are fees
https://strike.me/faq/what-are-the-bitcoin-trading-fees-on-strike/
https://strike.me/faq/what-fees-and-rates-apply-to-cash-transactions-wr/
Their TOS
And a summary:
**Arbitration Clause:** The TOS requires binding arbitration for dispute resolution (Section 24), which means you waive your right to a court trial for disputes. This can limit your options for legal recourse.
**No Deposit Protection:** Assets in your account are not protected by any deposit insurance schemes (Section 5(d)). This means there is a risk of loss without any safety net.
**Fees:**
*Deposit Fees:* There is a fee for loading a balance into your account (Section 6(d)).
Bitcoin Transaction Fees: Fees are charged based on monthly trading volume for buying and selling bitcoin (Section 6(e)).
*Network Fees:* Transactions on the Bitcoin and Lightning networks may incur additional fees, which will be passed on to you (Section 6(b)).
*Lightning Network Fees:* Routing fees will be deducted from transaction amounts (Section 6(g)).
*On-Chain Transactions:* You may pay higher fees to speed up transaction settlement (Section 6(f)).
*No Cancellations, Refunds, or Reversals:* All transactions are final and irreversible (Section 10(h)). If you make a mistake, your funds may be lost.
**Automated Account Recovery:** Strike can recover funds from your account for any amounts owed, including fees or fraud-related reasons (Section 13).
**Account Termination and Service Suspension:** Strike can terminate or suspend your account at its discretion, including if you haven't accessed it in over two years (Sections 18(a) and 18(b)).
**Risk of Using USDT:** USDT is a stablecoin subject to market risks, including potential depegging from the US dollar (Section 5(b)).
**Fiat Currency Services:** Strike does not provide fiat currency services directly, and all fiat transactions are facilitated by third-party providers (Section 5(e) and 5(f)). This could lead to additional complexity or fees.
**Restricted Jurisdictions:** If you are in a restricted jurisdiction, your account and transactions may be suspended or terminated (Section 11(c)).
**Changes to Terms and Services:** Strike can update the terms and discontinue services without notice (Section 19). This could affect your usage and costs unexpectedly.
Trading fees apply
DD process: https://strike.me/faq/how-do-i-direct-deposit-using-get-paid-in-bitcoin/
Trading fees referenced by above: https://strike.me/faq/what-fees-and-rates-apply-to-bitcoin-transactions/
That’s awesome
Wen Argentina?
Europeans want this as well
Please don’t ignore us
I see a lot of haters here but I came here to say thanks.
This is exactly what I was looking for when I suggested using something like sweep accounts to hold the dollar balance at 0 but pay necessary fiat bills. I will keep working for lightning adoption. In the meantime, I will gladly pay the spread to keep my sats as long as possible while my life gets cheaper. Thanks for making that possible.
Hi Jack. If you have time check out 🇵🇭 Boracay beach its a great destination for you to relax, chill, and enjoy. Plus there are merchants that accepts #Bitcoin as payment, fueling adoption. ⚡️⚡️⚡️ https://www.bitdigest.io/posts/examining-the-state-of-bitcoin-in-boracay#:~:text=Boracay%20has%20recently%20evolved%20into,%2Dbased%20activities%2C%20and%20beverages.