Damus
MT⚡️ profile picture
MT⚡️
@MT

Designing Bitcoin at Square and Block

Relays (14)
  • wss://relay.mostr.pub – read & write
  • wss://offchain.pub – read & write
  • ws://umbrel.local:4848 – read & write
  • wss://nostr.land – read & write
  • wss://nostr.wine – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.snort.social – read & write
  • wss://puravida.nostr.land – read & write
  • wss://nostr.oxtr.dev – read & write
  • wss://eden.nostr.land – read & write
  • wss://nos.lol – read & write
  • wss://nwc.primal.net/ayvjleilmx0al7j2pqt24qed1z7a8s – read & write
  • wss://relay.nos.social – read & write
  • wss://relay.primal.net – read & write

Recent Notes

note1kxgaj...
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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
note1mptln...
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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)
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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 🥀
1
note14fv06...
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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.
note1c5l5z...
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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.
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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
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