An absolute historic day. Bitcoin payments live on Square 🚀 - 0% payment processing fees - No chargebacks - Instant settlement in BTC or USD Making bitcoin everyday money 🧡 image

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₿illy 's avatar
₿illy 2 months ago
Seems like no chargebacks could be a potential adoption driver for small businesses
Josh's avatar
Josh 2 months ago
Sweet. Congrats!
If you don't understand how huge "No Chargebacks" is for retailers in the age of fraud we're in right now -- you're about to see what one holiday season with insane credit card defaults does to Bitcoin adoption come Q1/Q2 2026.
FREEDOM's avatar
FREEDOM 2 months ago
Square just made Bitcoin more usable than credit cards. The network effect from this will be unimaginable.
This is how we win? The problem is, merchants themselves on average are too dumb to care for their own sovereignity. So they rely on regulated payment processors that can potentially rug and disrupt them and Bitcoiners who stop educating on self-hosted e.g. BTCPayServer solutions. Just like with ETFs you are celebrating the system taking over Bitcoin, instead of self- sovereignty healing society. Laziness for Bitcoiners aka enshittification is advancing. It's hard work to convert a merchant to Bitcoin or Monero. But those in it for the right reasons are your strongest allies. Dealing with the devil here that masked itself nicely to dupe more Bitcoiners into believing this is wining.
You're supposed to keep track of it and report each transaction like a good citizen.
Never gonna happen due to regulatory pressure and that's a good thing. It keeps Monero exclusively self-custodial and permissionless. Now if Monero wallets develop their point of sale UX and tax software compatibility we'd have little stopping full business adoption.
Great. Now do monero and I'll be truly impressed. Because that one is just another gov-monitored coin that tracks all our transactions.