CASH APP + SQUARE CLOSE THE DOOR ON STABLECOIN POS STARTUPS

Summary from the TLDR Crypto newsletter

Cash App and Square are now offering in-app payments with just a 1% processing fee, powered by a pooled stored balance that already sees ~$300B flow through Cash App annually. The combo of low fees, huge user base, and tight merchant integration likely kills the window for crypto-native POS startups to gain serious distribution as Block's network effect and UX moat make it extremely hard to compete.