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121 sats \ 1 reply \ @cullen OP 11 Aug 2022 \ parent \ on: Strike announces Strike Visa Card will donate 1% of profits to BTC development bitcoin
It's pretty big if you're a Strike user. Though, all bitcoiners stand to benefit from the 1% donation to Bitcoin Core development! I'm not a user of Fold, but as I understand it, Strike differs by offering a broader suite of Financial Services.
It’s 1% of profits though, not 1% of your spending. If I go out to a nice dinner and spend $100, Strike and Visa split 3% for payment processing fees. To make that $1.50, Strike has operational costs that need to be covered, let’s just assume there’s $1 profit. Bitcoin core gets $0.01, a single penny, from that purchase.
I’m a fan of Strike and buy my BTC using their app as it’s the lowest fees, and I’m a huge supporter of funding Bitcoin Core devs, but even at scale the amount donated via this program is going to be minuscule IMO.
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