News Explorer — Square Now Lets Stores Auto-Convert Sales Into Bitcoin

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Apr 24, 5:26 pm

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Square Now Lets Stores Auto-Convert Sales Into Bitcoin

Square, the payments company founded by Jack Dorsey, has announced a new feature called Bitcoin Conversions that allows stores using its Square tech to automatically convert a portion of daily sales into Bitcoin. Square users with a Cash App account can receive between 1% to 10% of their store's revenues in Bitcoin, with a 1% fee for each conversion. Block, the company behind Square, believes that Bitcoin provides economic empowerment and offers various use cases for business owners.

Square, the payments company founded by Jack Dorsey, has announced a new feature called Bitcoin Conversions that allows stores using its Square tech to automatically convert a portion of daily sales into Bitcoin. Square users with a Cash App account can receive between 1% to 10% of their store's revenues in Bitcoin, with a 1% fee for each conversion. Block, the company behind Square, believes that Bitcoin provides economic empowerment and offers various use cases for business owners.

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