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5 sats \ 7 replies \ @0xbitcoiner 10 Dec \ on: Lightspark CEO pays for coffee on Square terminal using stablecoin on Lightning? lol
How much extra did that coffee cost because of all the fees? (Spread on the USD/BTC, Sparc fee, and whatever else)?
I wonder what it would all add up to. This was just a demo (in the company cafeteria I think), but they still should be able to total up all the fees. No free lunch, right?
Someone on X did ask this:
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I don't see any upside here, quite the opposite, actually. Anyone who buys USDb can just buy Satoshis, use them direct, and dodge all those fees except the standard LN fee. Marcus is talking about a 3% card fees, that even normal in the States? Over here in Portugal, we just pay a flat quarterly fee (mine's 5 euro) and that's it, no extra charges.
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usually the merchant pays the fees. Most consumers don't notice them, but it is normal for credit card processors to charge 3 - 5%. I've heard it's less in the EU.
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I heard that too, it's true. Totally slipped my mind
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I don’t understand why, when he had Bitcoin and the terminal accepted bitcoin, the payment had to be made in arbitrary stablecoin. Square and Cash App did the hard work of removing the dollar. Where is there demand for what David is demoing?
I felt sorry for the Design guy who David gives 30 seconds of airtime before wanting you back on his ego.
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Is because these people hate bitcoin and they want to push their paypal-coin stablecoin.
These fuckers are the biggest enemies of bitcoin.
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