GM nostr. Today we made history at #compasscoffee First Square terminal in the wild accepting #bitcoin . Thank you Michael and @jack | @Cash App for making this a reality, we can’t wait for public release. πŸš€ Also, thanks to all the people on nostr, this transaction was over NWC with @Damus and @Coinos , wild. Thanks to everyone who ever zapped me, you contributed to this as well! ✌️ It is truly magic internet money. LFG! #coffeechain

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TKay, can you answer a question for me perhaps? do you know if Square customers will have to specifically go in and enable the ability to pay in bitcoin? and if they do not have to opt-in, how does it work exactly? does the merchant have to tap a button just like cash or credit card and this is enabled by default for all? can i go into an unsuspecting shop and pay with bitcoin and the merchant will essentially have no idea besides noticing a new payment icon?
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. 8 months ago
In my square account it required me to opt in and re kyc the business with my ein number. Because the square account is now accepting β‚Ώ and able to convert payments to β‚Ώ square is custody of that corn so they mostblikely?legally need me to provide info. Many square operators to the spin the terminal thing like in the video. Now the guy obviously new he was making a bitcoin payment and selected that payment type. There ia just a screen with all the payment types: cash, gift card, debit card, "other" for checks ( or how i accept non kyc bitcoin with zeus integrated into my square merchant api) a cash app option and bitcoin. If they spin, nd are opted in, you could just select β‚Ώ as payment type. Now mny square terminals have loyalty accounts linked with phone number or email so you may or my not wnt to link your β‚Ώ payment with your loyalty. We don't spin the terminal normally and aways take peoples cards because I think self checkout is rude especiallybif you haven't used square before. My staff will be saying "are you saving 21% off today by paying with Bitcoin?" To get the people riled up!
This is good to know. I've already started making a list of merchants in my area that use Square. Some of them have already told me they would accept bitcoin if they could. This is much easier than convincing people to use coinos or BTCpayServer.
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. 8 months ago
Gotta make it spicy πŸ”₯
i read all of that last week and didn't know if merchants had to specifically opt-in. it sounds like they do and i understand why. i will be completely surprised if merchants do this, unless they themselves are bitcoiners. i hope im wrong.
thank you for your detailed answer. i was hoping to pay with bitcoin a the places in my town that i frequent, but they're not bitcoiners, so i doubt they'll opt-into bitcoin payments unless there's a clear marketing campaign and advantage for them.
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. 8 months ago
Most obvious benefit is zero transaction fees with bitcoin. They can have 100% fiat conversion.
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. 8 months ago
Just remember that these business owners have staff. The staff don't make the rules. Don't assume the owner is standing there checking you out.
wow, awesome to see Square being integrated that well πŸ˜€ I like coinos they are great
This is perf. πŸ‘ŒπŸ» It’s how every micro transaction is done in China with Renminbi (RMB) and this is the globally recognized direction of future consumer payments, regardless of which currency we use. View quoted note β†’
We also made history by having Nostr's first official googly eyes day.
Noshole's avatar Noshole
If you imagine yourself as being a tree trunk with googly eyes enough to convince yourself that at your core, you have the very essence of all that is tree trunk with googly eyes and therefore nothing can ever upset you again. Everything you think you know or have ever been told is a lie. Bad breakup? Not really an issue for tree trunks with googly eyes. Car won’t start? Ain’t no thang for a tree trunk with googly eyes. Coworker say something condescending? Well why is she even talking to a tree trunk with googly eyes in the first place? Accidentally got a Nickelback song stuck in your head? Tree trunks with googly eyes don’t even have ears. Tell yourself: I am a tree trunk with googly eyes (as many times as it takes) and you will be free. image
View quoted note →
Kevin's avatar
Kevin 8 months ago
What Bitcoin was ment for πŸ‘πŸ½πŸ§‘πŸ‘πŸ½πŸ§‘
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