Square Enables Bitcoin Payments with Lightning Network Support
- Square merchants can now accept payments in Bitcoin or fiat currency through their point-of-sale systems.
- The integration utilizes the Lightning Network, allowing for fast and efficient Bitcoin payment processing.
- Merchants have the flexibility to choose between receiving funds in cryptocurrency or converting them to traditional fiat currency.
- This feature is part of Square’s ongoing effort to integrate crypto assets into mainstream commerce infrastructure.
- Bitcoin advocate Jack Dorsey, co-founder of Square, encourages users to promote Bitcoin acceptance among sellers globally.
Square has introduced a new feature allowing merchants to accept payments in both Bitcoin and fiat currency using the Lightning Network for quick processing. This development supports Jack Dorsey’s vision of expanding global merchant integration of cryptocurrency.
Source (3.2)https://cryptobriefing.com/square-merchants-receive-bitcoin-fiat-payments/?rand=59535
