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Comment by nikolay | Hacker News Reader

This is stupid! I don't wanna be boosting crypto indirectly so our nonprofit is leaving Square now!

I am sorry to inform you that you may have trouble finding fintech outfits that are not playing with Bitcoin moving forward. Good luck with that fiat.

You're wrong! We have both SumUp and Intuit! Both are cheaper and better than Square anyway!

Ironically, intuit and SumUp did have BTC payments in 2014 but stopped it due to low demand. (Of course… what people don’t get is BTC is not for spending. It is for saving.)

Maybe early to the pre party and late to the after party?

s/saving/speculating/ ftfy

Square is hoarding Bitcoins; can't recall SumUp getting involved and popularizing Bitcoin the way Jack is! Yes, sometimes companies accept Bitcoin, but that's a totally different story, and are not directly involving themselves in this scam and eco disaster!

I'm not super bullish on crypto and frankly it terrifies me a bit, but Intuit charges rent to the US population by lobbying to maintain complicated tax forms and processes...is that what you'd rather support?

Intuit is a pretty big company with some old mentality, but they contribute back a lot, too. For example, the whole Argo ecosystem is pretty much maintained by them. If Clover was not requiring you to go thru a bank, they would have been much more successful, and we'd be a client of theirs already.

I think that's fine, but why create so much chaos with a rebrand on a product that currently has very little to do with blockchain tech? Why not spin off a separate entity, "Block (powered by Square)" to prove the idea and slowly migrate?

This name change is going to be extremely confusing to end users who are out of the loop given the current dominance of the Square brand.

The key public brand cash app tidal etc is the same. Square was vendor facing mostly so the name isn’t that important as b2b names change frequently. I don’t think as big a deal as Meta name change, being a consumer brand, and that’s not really a problem with consumers so far.

The Square product is not being rebranded. Nothing is really changing here.

Because they need to offload their crypto assests on the unsuspecting masses before they loose all value. And the hope is that driving crypto front and center would help that

Have you tried using cryptocurrencies? What made you so polarized on this topic?

I used to mine Bitcoin before it was cool.

And you still have some today?

I tend to sell at peaks. I occasionally use it to make payments, but it's the most expensive is slowest method of payment in 2021!

Come now, most expensive! That’s ETH for sure, btc is never more than $1 at peak times of multiple MB of mempool and currently at 1sat/vB which is $0.08

The environmental impact.

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