Block CEO Jack Dorsey Says Company Has ‘A Lot Of Hope’ From Upcoming Square Bitcoin Payment Rollout, But Notes This ‘Challenge’
Block Inc. (NYSE:SQ) CEO Jack Dorsey said Thursday that the company has high expectations for the upcoming launch of Bitcoin (CRYPTO: BTC) payments on its Square point-of-sale system.
Dorsey Says Company ‘Excited’ About The Prospect
During Block’s third-quarter earnings call, Dorsey said the firm is “really excited” about the rollout next week.
“It’s going to be available to everyone, and they just have to make a simple switch in their settings, and they’ll be able to start accepting Bitcoin,” he added. “We have a lot of hope for this.”
Dorsey also revealed that beta merchants have been trialing the feature and found it “really easy” to use.
The challenge, according to him, is to get people “comfortable with paying with Bitcoin.”
“We’re going to look for every opportunity to both educate all of our sellers on why …
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