jonbwhite

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.

OP is saying that in their experience it is more like eight orders of magnitude

Is it really that different than a search engine? Take away the AI specific language and you have two products that when given his username return results with his real name.

It the letter it noted that the reason for the public disclosure was due to Elon's significant stake of ownership in SolarCity and SEC disclosure obligations.

The connection gets closed immediately for me, what is it supposed to do?

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.

Yep, there system seems to be having some problems.

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.

Point taken, but given ACH as the alternative, I still think this is a step in the right direction.