In accordance with TheCCPress, Block, formerly Square, has launched a Bitcoin payment integration, enabling over 4 million merchants to accept Bitcoin through Square terminals. The integration, supported by the Lightning Network, allows merchants to receive payments in BTC or fiat with no processing fees until 2027. Jack Dorsey, co-founder of Block, emphasized the initiative's potential to increase Bitcoin's utility and adoption, with merchants able to convert between BTC and fiat seamlessly. The move aims to boost on-chain and off-chain Bitcoin activity and could influence broader cryptocurrency integration in retail transactions.
Block Launches Bitcoin Payment Integration for 4 Million Merchants
CCPressShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.