you can spend your cash balance over Lightning today on Strike.

I prefer this over spend and replace because it avoids the capital gain taxable event and is the same thing as spend and replace.

what we do behind the scenes is take your fiat, convert it to bitcoin, and pay the lightning invoice.

what’s mind blowing is that when Square turns this on, a consumer and a merchant can even do USD <> USD settlement with bitcoin as the network, not Visa. cheaper, faster , cash final, etc.