pull down to refresh
0 sats \ 3 replies \ @nym 24 Apr 2024 \ on: Some Square Sellers Can Now Convert Their Dollars to Bitcoin Via Cash App bitcoin
So is this similar to Strike regarding this feature?
it's accepting cash but getting sent a portion as bitcoin, no BTC acceptance as of yet
with Strike, you can also accept bitcoin
reply
No BTC conversion you mean, with strike? Or ???
reply
here's an explainer of the workflow with each - hope this is clearer:
Square: customer pays with credit/debit fiat card > funds go into biz bank account run by Square> a % of income owner sets gets sent & converted to connected a CashApp account as bitcoin
customer payment options: fiat only, credit/debit/ACH payments to the Square bank account setup with the business profile
Strike : customer pays Strike invoice, funds arrive as either bitcoin /fiat in account according to receiver split
customer payment options: Fiat (through Strike account) or bitcoin via Lightning/on-chain
reply