With the option to buy double the amount spent 🚀 Cc @Cash App @jack

🤌

+1

Yesssss

WHY DOES THIS NOT ALREADY EXIST. this would cover my zap habit

If the cash is available to buy, why not just spend the cash by paying the lightning invoice with cash? No cap gain event, you’re paying in bitcoin, but spending your cash.

It does, strike lets you pay Lightning invoices using your cash.

you can spend your cash balance over Lightning today on Strike. I prefer this over spend and replace because it avoids the capital gain taxable event and is the same thing as spend and replace. what we do behind the scenes is take your fiat, convert it to bitcoin, and pay the lightning invoice. what’s mind blowing is that when Square turns this on, a consumer and a merchant can even do USD <> USD settlement with bitcoin as the network, not Visa. cheaper, faster , cash final, etc. View quoted note →

Whats the minimum amount? Terms?

Wrong thread

strike already does this if you send bitcoin from the cash tab. no replacement necessary

That's kind of amazing.

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Hmmmmmmmmm

Ha yea good point.

Just pay lightning invoice from your "cash" balance. I've been "burning" cash like this for the last two years.

Think you're not understanding, Strikes fiat to bitcoin transaction (over lightning) prevents cap gains. If you are spending and replacing each transaction will have a cap gain.