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17 sats \ 3 replies \ @optimism 12h \ parent \ on: Follow-Up on CashApp Issues bitcoin
I personally am not a cashapp fan either, because to me it's a fiat tool that leans into bitcoin more for the narrative than providing the actual freedom it could enable. But of course they'll cite regulatory stuff coming from the fiat integrations as an excuse.
Most people that I asked to check it out found so many (perceived) barriers thrown at them that they were like nah, and I just onboarded those on non-custodial apps instead. Instructed them to just DCA into sats through their newly discovered "uncle Jim" because I don't care for fees other than cost for my friends. Missed oppty for cashapp though; I hear River does better on the letting people DCA into some sats front.
I really liked CashApp once upon a time, and referred many people to it when they asked where they should buy Bitcoin from. It was the only solution they could just pipe a debit card into and buy Bitcoin with relative ease. Sure, KYC sucks, but it is. There's was less hassle than everywhere else.
It was a great fiat off-ramp, but maybe that was partly a long-con since it turned into a roach motel for coin.