Square Enables Automatic Bitcoin Payments for U.S. Sellers
- Square has launched automatic Bitcoin payments for eligible U.S. sellers, with no additional setup required.
- Bitcoin transactions are converted to cash at checkout, eliminating the need for merchants to hold Bitcoin.
- The service offers 0% processing fees on Bitcoin payments through 2026, encouraging adoption by reducing costs compared to traditional card networks.
- Transactions settle near instantly via the Lightning Network, enhancing efficiency and speed.
- This rollout is part of Block’s strategy to integrate Bitcoin across its ecosystem, potentially expanding its use in everyday commerce.
Square’s new feature allows U.S. sellers to accept Bitcoin seamlessly with zero processing fees until 2026, promoting broader adoption and integration into mainstream commerce.
Source (3.2)https://cryptobriefing.com/bitcoin-payment-adoption-square/?rand=59535