Square Automatically Enables Bitcoin Payments for U.S. Sellers
- Eligible domestic sellers in the United States will have Bitcoin payments enabled by default.
- Sellers receive United States Dollars as the default settlement currency, mitigating volatility risks.
- The initiative is led by Miles Suter, Bitcoin Product Lead at Block, Inc.
- This update aims to enhance digital asset utility for everyday commerce through Square’s merchant network.
Block, Inc.’s move to enable automatic Bitcoin payments for eligible U.S. sellers simplifies the adoption of digital assets by ensuring dollar settlements and reducing risk associated with cryptocurrency volatility.
This rollout, spearheaded by Miles Suter, could significantly increase the use of Bitcoin in everyday transactions across Square’s extensive merchant network in the United States. (Source)
