Nostr Web Client

Cash App is just so incredible as a #GetOnZero tool 😍

Had to pay someone with Venmo yesterday, but I have no USD

1️⃣ Connected my Venmo to Cash App checking account

2️⃣ Deposited sats to CashApp via lightning

3️⃣ Converted sats to USD

4️⃣ Sent money with Venmo

Took 10 seconds 🤩🤩🤩

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Why not replace steps 2 and 3 with RoboSats and make the Venmo payment a bit cheaper?

Love robosats. If I planned ahead of time that would be the way

Steps 2-4 in total took 10 seconds

Same principle applies to withdrawing cash from atm (eg at a bar)

Yeah tough to compete with 10 second convenience

Yeah tradeoffs. Holding some usd to avoid KYC is a respectable position

How do you deal with taxes though? That’s the main pain-point for me

Its a quick import into a tool like Cointracker (what I use)

and then a one-click integration into turbotax

shockingly easy, my taxes took like 10 min this year

+ you still self custody (doesn’t affect taxes)

+ losses get carried over indefinitely to offset gains (not a CPA)

Thanks for sharing! Not an American though