GM nostr. Today we made history at #compasscoffee First Square terminal in the wild accepting #bitcoin . Thank you Michael and @jack | @Cash App for making this a reality, we can’t wait for public release. 🚀 Also, thanks to all the people on nostr, this transaction was over NWC with @Damus and @Coinos , wild. Thanks to everyone who ever zapped me, you contributed to this as well! ✌️ It is truly magic internet money. LFG! #coffeechain

Replies (129)

cavemanf16's avatar
cavemanf16 1 month ago
I don’t understand. Is that Michael Scott wearing women’s clothing to show off his cleavage???
Dylan's avatar
Dylan 1 month ago
Fucking cool. A real life visually of ‘gradually, then suddenly’
TKay, can you answer a question for me perhaps? do you know if Square customers will have to specifically go in and enable the ability to pay in bitcoin? and if they do not have to opt-in, how does it work exactly? does the merchant have to tap a button just like cash or credit card and this is enabled by default for all? can i go into an unsuspecting shop and pay with bitcoin and the merchant will essentially have no idea besides noticing a new payment icon?
casey's avatar
casey 1 month ago
Yeah #damus cameo 👏
.'s avatar
. 1 month ago
In my square account it required me to opt in and re kyc the business with my ein number. Because the square account is now accepting ₿ and able to convert payments to ₿ square is custody of that corn so they mostblikely?legally need me to provide info. Many square operators to the spin the terminal thing like in the video. Now the guy obviously new he was making a bitcoin payment and selected that payment type. There ia just a screen with all the payment types: cash, gift card, debit card, "other" for checks ( or how i accept non kyc bitcoin with zeus integrated into my square merchant api) a cash app option and bitcoin. If they spin, nd are opted in, you could just select ₿ as payment type. Now mny square terminals have loyalty accounts linked with phone number or email so you may or my not wnt to link your ₿ payment with your loyalty. We don't spin the terminal normally and aways take peoples cards because I think self checkout is rude especiallybif you haven't used square before. My staff will be saying "are you saving 21% off today by paying with Bitcoin?" To get the people riled up!
MikeMonty's avatar
MikeMonty 1 month ago
This is awesome. If I ever have a brick and mortar I think I’ll go with square for msp
Congratulations from the Bitcoin Beans fam! Where are you guys based? If you would like to add some of the worlds best Cacao to your menu hit us up on the DM and we can talk more! Big love to you all there, top work!! X
It’s not live yet. So highly doubt you will find it out and about. Michael said it’s Opt-in for the merchant, but it’s an easy setup as per Michael.
Dan's avatar
Dan 1 month ago
Sickkkk big fan of compass- subscriptions. Get them an npub!
Dan's avatar
Dan 1 month ago
They don't accept Bitcoin on the website I think
Dan's avatar
Dan 1 month ago
Maybe my auto subscription is just usd idk I haven't tried a new purchase
This is good to know. I've already started making a list of merchants in my area that use Square. Some of them have already told me they would accept bitcoin if they could. This is much easier than convincing people to use coinos or BTCpayServer.
FlusterCluck's avatar
FlusterCluck 1 month ago
We’ve been taking BTC Square in our restaurant since sept 3 - it’s really working well. Sales tax taken care of employees have no special requirements to input transactions- this is it the BTC revolution continues ! View quoted note →
FlusterCluck's avatar
FlusterCluck 1 month ago
Not the first - We’ve been taking BTC Square in our restaurant since sept 3 - but welcome aboard !
The thing is square built relationships and they did so with handy, simple hardware. Sure they had much deeper pockets but I think btcpayserver and others need to understand that 'tangibility' matters when it comes to payment processing. POS matters. Hardware matters. #bitcoin View quoted note →
This is great. …and… Does anyone have resources on how to onboard a local business?What do you lead with? - No CC fees? - Keep BTC on the balance sheet and see it grow? - Get a loyal customer who wants to support you? Those at the first three that come to mind. #bitcoin #grownostr View quoted note →
.'s avatar
. 1 month ago
Gotta make it spicy 🔥
BitTasker 's avatar
BitTasker 1 month ago
@npub189uczuw0002ugtcu77np76p2fna2dndecc77488685w84cz40p4qxzflej
I hope that square has good channels with Acinq :) I'm going to heat those channels a bit...
i read all of that last week and didn't know if merchants had to specifically opt-in. it sounds like they do and i understand why. i will be completely surprised if merchants do this, unless they themselves are bitcoiners. i hope im wrong.
thank you for your detailed answer. i was hoping to pay with bitcoin a the places in my town that i frequent, but they're not bitcoiners, so i doubt they'll opt-into bitcoin payments unless there's a clear marketing campaign and advantage for them.
FlusterCluck's avatar
FlusterCluck 1 month ago
Back on Sept 3rd when they turned mine on, I was closing and reopening the app like every 5 minutes because I was so excited for it to come online, then around 10 am it just appeared under cash and other options like a golden halo 😇🔥🎯
.'s avatar
. 1 month ago
Most obvious benefit is zero transaction fees with bitcoin. They can have 100% fiat conversion.
.'s avatar
. 1 month ago
Just remember that these business owners have staff. The staff don't make the rules. Don't assume the owner is standing there checking you out.
this is huge. big congrats to jack and the whole square team for shipping such a monumental feature in their terminals. now that the infra’s here, the real question is how do we educate small businesses to keep the bitcoin they earn instead of auto-converting to fiat? imagine millions of businesses deciding to hold their sats. that’s when things get really interesting. View quoted note →
This is perf. 👌🏻 It’s how every micro transaction is done in China with Renminbi (RMB) and this is the globally recognized direction of future consumer payments, regardless of which currency we use. View quoted note →
We also made history by having Nostr's first official googly eyes day.
Noshole's avatar Noshole
If you imagine yourself as being a tree trunk with googly eyes enough to convince yourself that at your core, you have the very essence of all that is tree trunk with googly eyes and therefore nothing can ever upset you again. Everything you think you know or have ever been told is a lie. Bad breakup? Not really an issue for tree trunks with googly eyes. Car won’t start? Ain’t no thang for a tree trunk with googly eyes. Coworker say something condescending? Well why is she even talking to a tree trunk with googly eyes in the first place? Accidentally got a Nickelback song stuck in your head? Tree trunks with googly eyes don’t even have ears. Tell yourself: I am a tree trunk with googly eyes (as many times as it takes) and you will be free. image
View quoted note →
MRbtc's avatar
MRbtc 1 month ago
Wow, in a few years from now, paying that ammount of sats for a cup of coffee is a robbery!
Congratulations! I checked my mobile app and could not find a ₿ implementation on Square. I can take #bitcoin because I have CashApp, Strike, #nostr, but it would be awesome to accept it in the Square POS app. Did you download a Square POS update somewhere? View quoted note →
Default avatar
Naluz 1 month ago
Atenção atenção o governo brasileiro pretende matar o próprio povo. Eles começaram a desligar a energia de algumas cidades depois eles vão fazer um apagão geral no Brasil todo nos hospitais nas comunicações na a internet. Pessoas inocentes vão morrer!!!!!!!!! Eles querem implementar o drex em 2026 onde você não vai ter escolha vai comprar o que eles querem quando eles querem e aonde eles querem. Se você tentar sair do Brasil eles vão cobrar 70% de todos os seus bens pra que você não possa sair é um projeto que lhes já colocar em vigor.!!!! Eles só estão esperando a política do ano que vem.
⚠️ God has said in the Quran: 🔵 { O mankind, worship your Lord, who created you and those before you, that you may become righteous - ( 2:21 ) 🔴 [He] who made for you the earth a bed [spread out] and the sky a ceiling and sent down from the sky, rain and brought forth thereby fruits as provision for you. So do not attribute to Allah equals while you know [that there is nothing similar to Him]. ( 2:22 ) 🔵 And if you are in doubt about what We have sent down upon Our Servant [Muhammad], then produce a surah the like thereof and call upon your witnesses other than Allah, if you should be truthful. ( 2:23 ) 🔴 But if you do not - and you will never be able to - then fear the Fire, whose fuel is men and stones, prepared for the disbelievers.( 2:24 ) 🔵 And give good tidings to those who believe and do righteous deeds that they will have gardens [in Paradise] beneath which rivers flow. Whenever they are provided with a provision of fruit therefrom, they will say, "This is what we were provided with before." And it is given to them in likeness. And they will have therein purified spouses, and they will abide therein eternally. ( 2:25 ) ⚠️ Quran
Congrats! So excited for the public launch! 🚀 Are you a Square merchant turning on bitcoin payments? We've built a new product to help you drive bitcoin payment adoption. I would love to chat with you and show you more! Shoot me a DM. View quoted note →
Default avatar
T 1 month ago
Are you guys down with the cat and bird shit specialty coffee?
My advice is this. While the vendor still lets you trade valuable real products like coffee for toilet paper 🧻 you keep paying with the toilet paper 🧻
Kevin 's avatar
Kevin 1 month ago
What Bitcoin was ment for 👏🏽🧡👏🏽🧡
=========================== #2 🔥 Community Highlights =========================== 1. This time Rabble invited to Harper for Revolution.social View quoted note → 2. He didn’t forget to thank us too View quoted note → 3. This is the truth about Nostr View quoted note → 4. Nostr series #8 by Hodl View quoted note → 5. There is a concern to think twice in this statement View quoted note → 6. Do you agree with this? View quoted note → 7. You also feel Nostr like this? View quoted note → 8. Let’s see why his Nostr experience is better these days View quoted note → 9. Just wakeup on Yakihonne plebs View quoted note → 10. She celebrates 3k with quality over quantity on Nostr View quoted note → 11. These frustrations should be solved on Nostr View quoted note → #community_nostr_recap
Wrong. Bitcoin sold can never be replaced. Save. Borrow against if you must. Die. Reset cost basis for heirs. This is how long term capital preserved. Those that don’t understand this don’t have capital for long. Spending causes cap gains taxes. Never sell or spend your #Bitcoin
PK ⚡️'s avatar
PK ⚡️ 1 month ago
If you were going to spend the fiat anyways, spend it in the equivalent amount of sats and send sats instead. If it triggers capital gains taxes, by definition that means you’re in a better spot than if you had held the fiat trash instead. Though it’s an option, you don’t need to introduce leverage here.