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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

  1. 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.
  2. 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.
21 sats \ 1 reply \ @supratic OP 2h
and the landing page I was looking for https://squareup.com/us/en/bitcoin
I was thinking why merchants and businesses should activate this option instead buying kyc-free corn: The only reason because they don't know how to. There's still a lot of work on education.
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because people are so fucking retarded
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automatically convert card sales into bitcoin
this is good, only that is not incentive for nocoiners to start using BTC. Clueless VISA card users will continue using fiat without knowing that their crap fake fiat is converted into sats.
WE NEED TO PUSH NOCOINERS INTO LITERALLY USING BTC.
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To achieve this Block or Sqaure need to get an exchange license and deal with it in the background. Basically selling fiat to bitcoin for merchants that want to receive sats.
I agree, it still a big step forward in terms of service availability and propagation. Not sure how many sellers currently use Square, there are many alternatives and POS market is really competitive, especially in the fiat world. Maybe @OPAGO_PAY and @bitcoinize can tell us more about their journey creating the bitcoin POS market, together with the LNbits opensource version and others that ca't remember now.
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I do not deny Square's mission toward bitcoin adoption.
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WE NEED TO PUSH NOCOINERS INTO LITERALLY USING BTC.
Is not something that strike is doing?
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Nope. Strike is just the new paypal... using LN Do not let them fool you with marketing.
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Another competitor found here #1252868
yopaki.com
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nobody is competing in bitcoin adoption. They're all have the same goal (I hope).
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