Block Shares Hit 8-Month High After Jack Dorsey’s Firm Announces Bitcoin Payments For Square PoS System
Fintech company Block Inc. (NYSE:XYZ) said it will integrate Bitcoin (CRYPTO: BTC) into its Square point-of-sale system, enabling merchants to accept and stack the cryptocurrency from their daily sales.
XYZ shares are consolidating after recent moves. Watch the momentum here.
Square Embraces Bitcoin
Sellers using the Square Bitcoin solution can accept BTC payments with no processing fees until 2027, according to a press statement. Moreover, a Conversion feature will let them convert a portion of card sales into the apex cryptocurrency.
The company also teased a native wallet that will allow merchants to manage their BTC holdings, complete with buy, sell, hold, and withdrawal features.
The Conversions feature is available to U.S.-based merchants except in New York State, …
About The Author
