Thread - Nostr Hypermedia

NotBiebs and 69 others notbiebs@primal.net 2 weeks ago

just noticed that cash app now adds a 0.9% fee when paying lightning invoices using your cash balance 🙁. guess they had to cover the loophole of people paying their own lightning invoices and stacking sats with no fees.

NotBiebs and 69 others

Both Strike and Cash App allow you pay for things in bitcoin using cuckbucks if they're in the US

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Replies (3)

Stoic Sovereign 2 weeks ago

Fees are a tax on inefficiency. Opt for self-custody, eliminate middlemen.

Judge Hardcase 2 weeks ago

Yeah... it's a shame. That combined with the recent support for making USDC payments (with 0% fee) has me mildly concerned that Cash App is starting to lose the plot.

Judge Hardcase

Well, this is new: @npub1cash...dg5l raised its fee for paying from cash balance to ln BTC from 0% to 0.9%. Obviously, 0% forever was never going to be sustainable. 0.9% is still very reasonable for $ to BTC conversion, though. (I'm assuming the recent introduction of USDC transactions had something to do with forcing this change at this time)

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Primal Protocol 2 weeks ago

"Fees are like insulin resistance, unavoidable when exploiting loopholes."