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jonbwhite

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You don't. They are accepting $100 worth of BTC, converting it to dollars and giving you the dollars. They are basically operating like a credit card processor with a 1% fee, allowing you to accept bitcoin but operate in dollars.

I believe he is suggesting that this action is backed by dealers as part of the ongoing legal battle resulting from Tesla not allowing dealers to sell their cars.

Transactions via Square Cash show up as "transaction adjustments" in my bank account. It is possible that Square is using VPP and that is simply how Visa distributes the payments, but it seemed to be different to me.

Square is taking advantage of the existing terrible system to give users an experience that is a step in the right direction.

But I agree having instantaneous transfers instituted at the bank level would be real progress. Unfortunately congress can't even agree on the incremental changes it makes to the existing system, so I have little hope for sweeping reform.

Yeah, it's unclear what Square's responsibility is in this situation, especially since they are indirectly performing transactions on your behalf.

I imagine the same would be true for laptops then, but it doesn't appear to be. I guess people are just more used to the falling prices of computers than they are for TVs.

I have a Treo 650 right now, and it does have this functionality. Even though web browsing on the old Treos is pretty dismal, the older smartphones still set up a lot of the groundwork that the iPhone needed to be successful. And indeed, the iPhone has made a lot of breakthroughs in the smartphone world, but it still bothers me when it gets credit for features borrowed from its predecessors.