Just completed my first nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 bill pay transaction and gain 4% in sats.

nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle

nostr:npub16secklpnqey3el04fy2drfftsz5k26zlwdsnz84wtul2luwj8fdsugjdxk

💪🏻👊🏻

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Discussion

Did you have to convert to fiat and then that's a taxable event?

Yes the payment will be a taxable event. I bought sats when they announced the service a week or so ago, then used their billpay service yesterday to pay the bill. The billpay service uses the sats for payment. They are selling the sats a part of the transaction. This was my first billpay to see how it works what the reporting will look like.

Yeah I've seen this feature. Cool idea!

I'm loving it

Yeah I wanted to see how quickly the payment processed and want to see how they handle the cost basis reporting at yearend . But it was cool and will probably start using it to pay cc monthly

That's exactly what I'm doing

Great minds think alike. 👊🏻💪🏻