Clayton on nostr

Open in Damus

I think you missed the part where Cashapp keeps the spread. If you are paying in bitcoin without at least a 5% discount over cash price you're just raping yourself.

Clayton @Clayton 1779479316

This is incorrect. Where is the spread when I pay via lightning on square?

1

Joyful Joey · 2w

It depends on the merchant's choice upon Square POS btc activation/setup: -if the merchant chose to auto-convert BTC ->USD upon receipt, then I suspect Square keeps a slight spread on the conversion. -if the merchant chose to keep btc as btc, then there is no spread until they sell it for dollars....