News broke overnight that Cash App in the USA is now allowing users to send and receive Bitcoin Lightning payments from the app on their phones. I'm not in the US and can't try this out.
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Support Proposal 201 on PeakD
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For Hive!
What this means, subject to one of you actually testing it for me, is that you can move Hive and HBD direct into Lightning on your Cash App! I am not able to test or play with what this means, whether you can then convert that straight into USD or other crypto on your phone, but I suspect you will be able to.
If all this is true it means there is now a very simple, cheap way to convert HBD and Hive to small amounts of fiat.
Detailed instructions can be found in this post under "Filling up with Sats" but the basic steps are:
- Go into Cash App and generate a "Lightning Invoice" for a few thousand sats: it'll be something that starts
lnbc..... Cash App will probably show you a QR code but you'll also be able to copy-paste the actual invoice. - Head over to lnd.v4v.app and paste your "Lightning Invoice" into the box. You'll be told how much that is in HBD or Hive. This works nicely using the in-app browser in the HiveKeychain app if you want to do it on mobile.
- Use Keychain or Hivesigner to sign the transaction and you'll transfer some Hive to the account @v4vapp (that's me).
- My system will pay your Lightning invoice, and return your change as Hive or HBD.
And bingo you should have Sats in your Cash App.
Please give this a try!
Just for the occasion I've turned on a way for you to get free Sats though I don't know if this will work till someone tells me it's possible on the Cash app!
If you can get an invoice for exactly 1033 sats from Cash App then paste that into my lnd.v4v.app site. Send a transfer with only 0.001 Hive and I'll pay for the sats for free!
And finally....
If you want the tool to go from Sats to Hive.... you'll have to support my proposal because that's what I'm building next!
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👍🏻 Sounds great, Fiat-Lightning-Hive Bridge! But I guess you need to be US resident to try this out, right? Would love to but Cash App is not live in Germany/Europe yet.
This is a bullish news. Great one from cash app. With this other mobile transfer apps should follow suit. Proposals supported
This is quite awesome and interesting to deal with.
Pretty cool. Hopefully someone from the US can test it.
This is awesome, if truely this feature is available on cashapp. I would like to try it out but cashapp is not allow in my country.
Resteemed for the US people
Thank you!
Amazing, that means you can buy btc on the cash app. Produce an invoice and it then process through the app using lightning and charged to your hbd or hive account !
I couldn't find Lighting invoice but I'm in the US
I'm unable to help as yet, I've got no idea what Cash App even looks like!
I guess you need to be a US resident to be able to try it out, I'll have tried it out but cash app isn't available in the country am residing which is Nigeria..seems the Fiat-lightning-hive bridge would be great to those living in the US.
We're all waiting for some local options. Either Srike or Cash App would be good but they're both firmly in the US.
Cool! That sounds greats, but the cash app is not available in my region hopefully US citizens will try this.
This could be the definition of - Game Changer- For the give community.
Could lead to increase in participation, post , New discussions , all bringing new members , excited to make money doing what they have been doing for free for 2 decades