Did Jack Dorsey Fix The Bitcoin Merchant Problem?
Cash App & Square roll out Bitcoin payments at 4M+ merchants. Jack Dorsey leverages Lightning Network to compete with Visa/credit card fees. Plus: the controversial Bitcoin denomination change that's dividing the community.
Audio is streamed directly from the publisher (podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
We break down Jack Dorsey's massive Bitcoin rollout across Cash App and Square—4M merchants can now accept BTC payments via Lightning and mainnet. We explore how Bitcoin rails are undercutting Visa/Amex fees, the Strike-style settlement strategy, and the controversial BIP 177 denomination debate.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
Notes:
• 4M Square merchants now accept Bitcoin payments
• Credit card fees range from 2-6% per transaction
• Cash App uses Lightning Network for settlements
• BIP 177 proposes renaming Satoshis to Bitcoins
• 100M Satoshis equal one Bitcoin
• Jack Dorsey owns Block, Square, and Cash App
-
👋The Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices