Big moves today - just deployed the first Square terminal in the world accepting bitcoin.
Thank you @jack ! Cannot wait to see this come to Square devices worldwide soon.
Tested on a huge range of wallets, all worked seamlessly. The beauty of open standards. ⚡️
Thanks @CashApp, @walletofsatoshi, @ZeusLN and of course @BTCDistrict!
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Will we have mass merchant acceptance by the end of the year?
I don't think so we will see that soon in US... you guys are soooo deep into fiat mindset and ETFs.
LOL only 1400 merchants in US, even South Africa have more than you. And let's not talk about Europe with over 5400 merchants.
US... NGMI
It gets even better: Thousands more missing from that map in South Africa. Not sure why, but btcmap shows pretty much only Pick 'n Pay but very few others.
MoneyBadger, the same people behind CryptoQR which powered paying at Pick 'n Pay to begin with, have their own map showing a more complete list of merchants.
If every Square terminal accepts bitcoin, though, I think that's millions of new merchants.
I know it's not driven by merchant demand, which would be better, but it will still become much easier to use bitcoin for everyday things.
yes, I do not deny that, is still a big step forward.
I still haven't heard whether it will be on by default and up to the customer to choose, or whether merchants will have yo "turn it on" before they can offer it to customers.
I propose the following:
There's no going back to fiat button LOL
I've been a little confused by the rollout, but I recall hearing something about how it would be turned on by default and if merchants don't opt in there would just be an automatic conversion to fiat for them.
merchants need to opt-in
Is that the plan long-term?
I'm not sure. I was listening to the bitcoin presidio jam podcast and Steve Lee who I think works for Spiral said it would need to be turned on by merchants.
LOL SIX THOUSANDS ONE HUNDRED AND FIFTY THREE BITCOIN a single coffee !
😂😂😂😂😂😂
This ain’t coffee, it’s a cup of water with brown ink.
this is coffee!
For shame.
What does PSL mean?
Pumpkin Spice Latte
The horror...
That sounds like Dacia Hipster LOL
made all by plastic crap
Yes. US can't do espresso.
only with tylenol 😂
I am going to give my kids extra Tylenol now so that they will grow up to make good espresso.
that's it no more tylenol for you 😂😂😂
https://babylonbee.com/news/rfk-orders-airstrike-on-cargo-ship-full-of-tylenol/
Lmao! Guess they are on the "rename satoshis to bitcoin" train?
It's a disease. It's showing up everywhere in Bitcoin.
they are still asking grok the difference between sats and msats 😂
US prices. I tried to get an espresso today and the going price was $5.45.
US prices for many things are quite high.
WoW
In Portugal, there are still places where you can grab an espresso for just 1 euro.
anyways, in the end they accept bitcoin. And that alone worth a salute for them.
Yea this caught my eye too. So stupid
It could be 2 right?
sure go ahead and pay 3000 BTC for a coffee now
Thats about what it costs in Australia. Its also why I usually make my own
you still don't get it
Very very cool
This is like 5 years too late. This would have been good in 2021. In 2025 it’s kinda meh.
Compass Coffee keeps the sats they receive through Square payments using them to purchase green coffee beans directly on chain from El Salvador which aligns with their Bitcoin first approach and supports a circular economy. For balancing the books they record incoming Bitcoin at fair market value on the date of receipt treating it as a treasury asset with subsequent price changes reflected in unrealized gains or losses until spent or sold this strategy embraces volatility as an opportunity rather than a risk given Bitcoins long term appreciation trajectory. How do they plan to expand Bitcoin payments to all their locations and integrate on chain purchases more deeply into their supply chain?
I hope to see more of this, especially in this part of my world. Fiat is losing it already.
Oh thank god that wasnt the right next to my apartment. Compass on I St SE has held multiple bitcoin events