pull down to refresh

21 sats \ 5 replies \ @Coinsreporter 17h \ on: BTC Map Post on Square Adoption bitcoin
That's great news — something we can call bullish even though sats gone to the square merchants wallets convert instantly into USDs.
write
preview
21 sats \ 4 replies \ @OT OP 17h
Not necessarily. The merchant can keep whatever percentage of sats you like.
reply
0 sats \ 3 replies \ @Coinsreporter 16h
Well, the numbers look inflated because of the same advantage of vice whatever you wanna call it. Can anyone sell in such large numbers a kiosks PoSes which do not or give option to convert BTC to USD instantly?
reply
0 sats \ 2 replies \ @OT OP 16h
What do you mean?
reply
0 sats \ 1 reply \ @Coinsreporter 16h
These numbers for Square are higher because they are not selling a Bitcoin only PoS, instead they are giving option so that they can sell more.
reply
0 sats \ 0 replies \ @OT OP 16h
As I understand the merchant signals that they accept Bitcoin and it goes straight to BTC Map. Someone still needs to go there and verify that the claim is true.
These are merchants that most likely already used Square as their PoS. They just turned on the "accept bitcoin" option.
reply