Been brainstorming this exact feature for the BTC Map within Cash App:
Bitcoin Bounties
Would you go to Square merchants without Bitcoin payments turned on and convert them for a ₿ back reward?
Discussion
Does Square even have Bitcoin payments? I thought their PoS was Lightning only
Amazing idea.
Yes
Yes.
Great idea
That's a good idea! Some credit cards give better rewards when tapped by phone instead of swiped (Apple for example), and that turned their customers into advocates for using Apple pay.
Por que no los dos?
How about the inverse as well? Geocache sat bounties to entice customers to come into the store and for Bitcoin n00bs gift customers their first few sats
We’re already ordered orange pill shaped business cards to give to unknowing square owners. They show the steps to turn it on in dashboard or pod - this is stuff I’m giving to my fellow restaurants/competition just so BTC payments become mainstream fast !
Love the idea of saving transaction fees for merchants. But what about the customers spending lightening sats.
Is nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzfmhxue69uhhqatjwpkx2urpvuhx2ucpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5d0jk9d strike app the only app that instant converts fiat to lightening to avoid taxable spending events? Is there a fee from strike for this service?
Does cash app do that nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdu0k0t75 nostr:nprofile1qqsxcgma3va3yqj3cwxzxrqxm8jg7rfszajhckm9erpkzyhtzhzj46cpz4mhxue69uhkummnw3ezummcw3ezuer9wchsz8thwden5te0dehhxarj94ex2mrp0yh8wmrkwvh8xurpvdjj7v8qry3 ?
Also, even if it’s not a taxable event, do you still need to record the spending events to prove they are not taxable. Do these apps make nice little reports for the tax man?
Most normies aren’t gonna spend in lightening if they are constantly concerned about the IRS.
Too much friction for most.
nostr:nprofile1qqspnzgrfett3asxcuj0gksje6z2zxzpvgd27uvz58m9vsuqh8zzw6cpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgkwaehxw309a3x2arp9ehx7um5wf5kctnrv9ksn0ejds do you have a tutorial for tax free lightening spending at a square pos?
I asked the same thing a week ago. Excited to see nostr:nprofile1qqsxcgma3va3yqj3cwxzxrqxm8jg7rfszajhckm9erpkzyhtzhzj46cpp4mhxue69uhkyunz9e5k7tcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqf29raj response
https://primal.net/e/nevent1qqswgrquf44aqnrsq6zvnf90ls3swt8j20lqt43mfklez757de9c93gwskrkw
YES
question, is the BTC Map feature already rolled out everywhere? I’m in FL I don’t think I have it
Yea
This is brilliant. Love this idea incentivizing real-world orange-pilling could really change everything. ⚡
You can find local square merchants with this directory
Yes, I will bring up bitcoin to every square merchant. Wish it was on by default, just a choice for the customer at checkout
Yes
love this, great idea
I’d love to learn how I can help.
Bullish.
I like the idea but the devil’s advocate in me thinks it might end up being an extra friction point and even a red flag for some merchants if a bunch of plebs stat nagging them about Bitcoin who get kickbacks for it. But there aren’t a lot of us out there and most of the merchants I’ve talked to in DC have been receptive to the idea.
“oh, the investors like to see the field sales team number go up? … watch this”
If business has a Square terminal- just ask and offer to onboard - If merchant shows interest or openness, support them with a path to CUSTODY - gimmicks to accept are unnecessary
Yes!
4million merchants 58million users - big base - lets wait for revenue stats next year
I do it without the award so might as well get one!
Yes
I’m sure it was discussed, but why not have BTC payments on by default received as USD and have the toggle instead be for receiving/holding Bitcoin?
Absolutely
@miles @jack for the last several years we have been explaining sats to our fiat friends. Let’s make sure it says ‘sats’ somewhere during checkout since a lot of them have the basic understanding that sats are like cents of dollar. What is the point of confusing normies? I don’t want to have to explain to them every time that Square POS labeling is weird. The amount of human time we are going to waste on this is gong to be ridiculous. Thank you for your attention to this matter!
Not sure how I missed this post, but yes! You’ll instantly add every bitcoiner to your sales team. Win-win
Been doing this for free at my farmers market this week!
BTC Debit Card when?
Yep
100%