nostr:npub1nqc4zvkk4wx0usz082qydwpnd42979y5k93mdmn2vwguttkzfrysqjy5lh, what would help the onboarding the most? It sounds like the square integration will be opt-in from the beginning and so probably not many sellers are going to do it initially.
Do you want bitcoiners to ask the sellers about adding bitcoin? Can the person selling in the shop enable it, or do we need to get in touch with the owner? (I'm thinking coffee shops and similar)
You’ll need to get in touch with the owner. It’s a sensitive process from a legal/compliance/regulatory pov. But once they decide to turn it on it only takes a minute.
I would lead with the basics:
1. Zero processing fees until 2027
2. Never miss a sale. An emergent way for customers to pay
3. Instant, no chargebacks, and can be settled in USD so its business as usual
4. They can order a free marketing kit from the Square shop and update their window stickers and table tents
Not yet but very soon. We partnered with btcmap.org so Square businesses with bitcoin payments can opt in to display on the map.
We also built it directly in Cash App so it has a fully integrated discover/navigate/pay experience.
You’ll be able to find it in the bitcoin applet by Nov. 10 (official payments launch day)
I need to buy a gift from lightning.store but the site is down. Anyone know how to contact him? Can’t find on here anymore and his bird app is deleted 🥀
Yeah it’s tough. I live in NY too! Nothing I want more than to onboard my small town’s main street.
Definitely at some point
If I could give a suggestion:
Please add on https://squareup.com/bitcoin the information of how many % of merchants are accepting Bitcoin Payments in real time, so users could follow the metric.
Good suggestion. We can look into this but probably should wait until/if it becomes a meaningful amount 😅
That’s secondary to it. I won’t bore you with the details but because bitcoin is so regulated (with nuances at the state level in some cases), auto-on even as USD is extremely tricky.
We’re working to unlock this as much as possible but it requires taking a very methodical approach that focuses on specific segments at a time.
For payments specifically? That’ll be generally available on Nov. 10 but here’s what to expect:
Go into Payment Settings in the Square app and you’ll see a new row for Bitcoin with an Activate button next to it.
We do a bunch of eligibility checks so activation will be quicker for some than others (depending on your business structure, geolocation, 2FA status, etc)
But everyone will have the option to choose USD or bitcoin settlement, and another surprise feature we’ll have at launch 👀
We’re looking into ways to auto-on bitcoin payments with USD settlement but as you can imagine it’s challenging from a legal and regulatory perspective.
Separately you can enable payments from Bitcoin onboarding (in Square Banking) where you can also configure your card sale conversions and set up your wallet.
would anyone be interested in a Square Bitcoin AMA?
reply or just tag me in any questions going forward and I’ll answer whenever I’m on
Let's go!
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₿ gang
nostr:note1s9qaw3lxntm3dwhkuwe30zxv0fugyzahm90hqhuk987mc8gc6yrsdjk9s2
attic progress: 85%
How do I befriend my yard bunnies?
Damn yo you got me by 9 months! Congrats bud your Caviar gift card is in the mail.
Ancestry might be the better option since they aren’t bankrupt and ready to be sold to the highest bidder
₿
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I can’t stop working
Bitcoin would need to hit $46 billion per coin to beat the top-end MSTY scenario in 23 years (my time horizon). More if you account for taxes.
It’s kind of crazy I can spend most of my time at work vibe coding and it’s not only ok but encouraged