1/ Buy Bitcoin Without Fees
@jackmallers announced that it’s now possible to buy bitcoin on @ln_strike with no fees outside of the market spread. He shows what you get, when purchasing #BTC for $100 after fees:
Coinbase: $97.01
Venmo: $97.70
CashApp: $97.74
@jackmallers announced that it’s now possible to buy bitcoin on @ln_strike with no fees outside of the market spread. He shows what you get, when purchasing #BTC for $100 after fees:
Coinbase: $97.01
Venmo: $97.70
CashApp: $97.74
2/ We can see Coinbase remains the most expensive, at nearly 3%. Venmo and CashApp are cheaper, but still, often charge retail well over 2% to buy bitcoin.
3/ reuters.com/article/paypal… PayPal recently lifted its costs for merchants (unseen for customers) from 2.59% plus 49 cents to 3.49% plus 49 cents per transaction.
4/ A move that will largely affect small-to-medium sized businesses, while large merchants tend to negotiate unique deals for their businesses.
5/ Even more - to support small businesses - #bitcoin transactions need to be cheap and fast, which can be achieved through #Lightning payments. Strike is not available in the EU yet. I added my name to the Strike waiting list: there are 103,337 people waiting already!
6/ Enjoyed this tweet storm?
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