We break down Jack Dorsey's massive Bitcoin rollout across Cash App and Square—4M merchants can now accept BTC payments via Lightning and mainnet. We explore how Bitcoin rails are undercutting Visa/Amex fees, the Strike-style settlement strategy, and the controversial BIP 177 denomination debate.

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Notes:

• 4M Square merchants now accept Bitcoin payments

• Credit card fees range from 2-6% per transaction

• Cash App uses Lightning Network for settlements

• BIP 177 proposes renaming Satoshis to Bitcoins

• 100M Satoshis equal one Bitcoin

• Jack Dorsey owns Block, Square, and Cash App

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