This will hopefully brig plenty of adoption in the US. is not clear to me which tech they implemented, onchain? Lightning? Nothing else?
Anyhow, I'm curious to see how this will roll out and how may merchants will adopt the solution. There's no more excuse for plebs worldwide1 to "hodl because there are no merchants"
Square introduced Square Bitcoin, the first fully integrated bitcoin payments and wallet solution – built for local businesses of all sizes. Consisting of Bitcoin Payments and Bitcoin Conversions, Square Bitcoin enables sellers to accept bitcoin payments with zero processing fees,2 automatically convert card sales into bitcoin, and manage their bitcoin alongside their other business finances – all within the Square ecosystem. The announcement comes as part of the second Square Releases event, its biannual launch of new products and features for sellers.
Whether independently run or a global chain, Square understands that sellers succeed when they have the freedom to focus on the experiences that keep customers coming back. From point of sale and payments to online commerce, staff management, banking, and more, Square brings together the tools sellers need to run and grow on one intelligent platform. For more information, visit www.squareup.com
Footnotes
-
Square currently available in the following regions: Australia, Canada, France, Ireland, Japan, España, United Kingdom, United States. But Square Bitcoin functionality is not available to sellers that are located in New York State or outside the U.S. and may be subject to regulatory approval, where applicable. ↩
-
The 0% processing fee for bitcoin payments is a promotional offer that will be valid through 2026. Beginning January 1, 2027, the processing fee will become 1% per transaction. ↩