Y’all at CashApp & Square need to INCENTIVIZE merchants to accept Bitcoin. Make it BETTER than receiving dollars. To do so, you can make the transaction fee for merchants 1% LESS than the normal 2.9% fees when someone pays in Bitcoin.
Since you would no longer be paying credit card processing fees in this scenario, the company can still net plenty, and perhaps more since the only fees incurred would be to transact the bitcoin, which is cheap with lightning.
You could even give merchants “We Accept Bitcoin” and/or “Pay in Bitcoin” signage they could display in their store / on the counter and this could include a QR code to download the Cash App (with the merchant’s referral code built into it). The Cash App referral program could offer both the merchant and the customer $5 or $10 in free Bitcoin if the customer signs up, incentivizing both sides.
Thoughts?
danveltri / Dan Veltri
npub1d2…28fqz
2024-05-02 07:29:21
in reply to nevent1q…jvu6
Author Public Key
npub1d2jey6amtzqc6e3fpsuyauaz2gwfgm77q770nju6pj3qmyjlxmhsc28fqzSeen on
wss://relay.nostr.bandPublished at
2024-05-02 07:29:21Event JSON
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"content": "Y’all at CashApp \u0026 Square need to INCENTIVIZE merchants to accept Bitcoin. Make it BETTER than receiving dollars. To do so, you can make the transaction fee for merchants 1% LESS than the normal 2.9% fees when someone pays in Bitcoin. \n\nSince you would no longer be paying credit card processing fees in this scenario, the company can still net plenty, and perhaps more since the only fees incurred would be to transact the bitcoin, which is cheap with lightning.\n\nYou could even give merchants “We Accept Bitcoin” and/or “Pay in Bitcoin” signage they could display in their store / on the counter and this could include a QR code to download the Cash App (with the merchant’s referral code built into it). The Cash App referral program could offer both the merchant and the customer $5 or $10 in free Bitcoin if the customer signs up, incentivizing both sides.\n\nThoughts?",
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