Square brings Bitcoin to Main Street with POS & Wallets for Local Businesses \ stacker news ~AGORA

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Square brings Bitcoin to Main Street with POS & Wallets for Local Businesses investors.block.xyz/investor-news/news-details/2025/Square-Brings-Bitcoin-to-Main-Street-With-First-Integrated-Payments-and-Wallet-Solution-for-Local-Businesses/default.aspx

32 sats \ 17 comments \ @supratic 10 Oct AGORA

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

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. ↩

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21 sats \ 1 reply \ @supratic OP 10 Oct

Here is the ad I missed yesterday https://xcancel.com/milessuter/status/1975969260024496525#m

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.

0 sats \ 0 replies \ @DarthCoin 10 Oct

because people are so fucking retarded

112 sats \ 5 replies \ @DarthCoin 10 Oct

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.

32 sats \ 3 replies \ @supratic OP 10 Oct

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.

0 sats \ 2 replies \ @DarthCoin 10 Oct

I do not deny Square's mission toward bitcoin adoption.

0 sats \ 1 reply \ @supratic OP 10 Oct

WE NEED TO PUSH NOCOINERS INTO LITERALLY USING BTC.

Is not something that strike is doing?

12 sats \ 0 replies \ @DarthCoin 10 Oct

Nope. Strike is just the new paypal... using LN Do not let them fool you with marketing.

0 sats \ 0 replies \ @fiatbad 11 Oct

WE NEED TO PUSH NOCOINERS INTO LITERALLY USING BTC.

Fuck yes.

Revolutions don't happen 100% passively. We have an obligation to change hearts & minds, not just sit here watching our number go up and stacking quietly.

The Titanic is sinking, and our friends/family are on it. Most Bitcoiners are just sitting in the life rafts watching their loved ones sink, doing fuck all about it. It's despicable.

Hey Bitcoiners..... listen up. Fiat is evil. Stop using it, even if it is inconvenient or you have to deal with cap-gains tax. Shut the fuck up and do the right thing.

0 sats \ 5 replies \ @fiatbad 11 Oct

I've been hearing about this for a while, but haven't really dug into the details.

All their marketing and communications about this seem to be targeted at merchants. But what about consumers? Are we able to spend Bitcoin at ANY Square PoS, even if the merchants is taking 100% fiat, and/or has not set up the Bitcoin stuff on their system?

I know this is a simple question... I could probly just ask an LLM... but maybe if someone answers me here it will help others learn as well.

0 sats \ 4 replies \ @supratic OP 11 Oct

Good question, I assume merchants need to signup to accept bitcoin for the customers to be able to pay sats. Merchants can enable the Bitcoin feature still and decide to get 0% 1% of sales in bitcoin, but still need to enable and activate the option from the Settings > Banking screen.

As I mention above #1252914, if this was to be an option, Square or Block need to get a crypto exchange license. I don't think this is the case.

For merchants, there's some in here https://squareup.com/us/en/press/block-to-roll-out-bitcoin-payments-on-square

0 sats \ 3 replies \ @fiatbad 11 Oct

Now that this is out, we need a map of merchants with the feature turned on and boycott any who don't have it. We should be loud about this. There are enough of us to make a difference. The question is, are there enough of us who care?

0 sats \ 2 replies \ @supratic OP 11 Oct

Who care if enough or not. If everyone does his part responsibly, around and within it's community, there's no way one should care about what others do or don't.

0 sats \ 1 reply \ @fiatbad 11 Oct

True, I agree.

But most revolutions have some amount of emotionally-driven momentum....

I believe the end of fiat will require some amount of non-passive revolution.

The reason I believe this is because the average person does not enjoy finance. They are not "nerds" like we are. They don't understand the basics of computer-science or finance. We are not going to gain enough momentum to bring an end to fiat if we rely on the Chads alone. We have to figure out how to bring a certain amount of normies in as well. This happens when they see the Chads doing it. Monkey-see, Monkey-do.

But, stacking Sats silently does not bring about a monkey-see, monkey-do outcome. It just keeps fiat in the driver's seat forever, and us in the underdog position.

0 sats \ 0 replies \ @supratic OP 11 Oct

For me fiat has ended already, for me this news mean only a positive: I'll have more merchants around here to spend sats with really soon. That's why I shared.

Why continue worrying about what others do or don't?

0 sats \ 2 replies \ @supratic OP 10 Oct

Another competitor found here #1252868

yopaki.com

0 sats \ 1 reply \ @DarthCoin 10 Oct

nobody is competing in bitcoin adoption. They're all have the same goal (I hope).

0 sats \ 0 replies \ @supratic OP 10 Oct

what I mean is that they are competing with the fiat pos providers, taking over the whole market share sooner or later

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