Nostr Web Client

Not sure I’m following what your friend is saying.

So 90% of the sale goes to square?

Or can only accept 10% of daily sales in bitcoin? How would they know ahead of time the total sales on any day?

Unless his terminal hasn't received an update to the news this week, he said the option on the terminal allows him to direct up to 10% of his total daily sales to get converted into Bitcoin. That portion then get sent to his CashApp account and they take 1% for that service.

This was as of Thursday night at our Meetup when we were discussing it.

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Discussion

Svoboda 7mo ago 💬 1

Just found what he was describing on their website:

https://squareup.com/help/us/en/article/7935-purchase-bitcoin-with-square

Mark Sea 7mo ago 💬 1

Gotchya. Thanks for the clarification.

It’s moreso a win for buyers/spenders imo

Svoboda 7mo ago

Every little bit helps. My guess is if enough people opt in and use it, they'll be forced to keep moving the slider. Or if a true competition comes along and they start hemorrhaging customers.

RobOK 🔸 7mo ago

Then you are stuck not being able to send that Bitcoin to cold storage given the low restrictions