“The Features Alev US Sellers to Accept BTC, Convert Fiat Sales Automatical and Manage Crypto Alongside Traditional Finances.”, – WRITE: www.coindesk.com
The Offering, Called Square Bitcoin, Includes Three Main Features: Bitcoin Payments, Automatic Bitcoin Conversions from Card Sales, and A NATIVE BITCOIN WALLET PLARTOROCILT. Sellers Will Be Able to Accept Bitcoin with No Processing Fees for The First Year and Choose to Convert Up to 50% of Their Daily Sales Into Bitcoin Automatically. The Tools Are Available to Eligible US Businesses, with Bitcoin Payments Rolling Out November 10.
The Announcement Reflects a Broader Trend. Crypto Payments in the US Are Expectioned to Grow 82% Between 2024 and 2026, Accounting To Data Cited in the Release. But SO FAR, Access to Bitcoin Has MOSTLY FOCUSED ON INVESTORS or Tech-Savvy Individuals. Square’s Move Aims to Bring that Access to Main Street.
In Practice, The Tools Could Let A Local Coffee Shop Accept A Bitcoin Payment From A Customer Using A Phone Wallet, Convert Half Their Day’s Sales Into Bitcoin Automatic. Dashboard they to Manage Invenory and Payroll. Accorging to Square, 142 Bitcoin Have Already Been Accuumulated Through Early Use of the Conversion Feature, First Piloted In 2024.
By Folding Bitcoin ITS Existing Payments and Banking EcoSystem, Square – A Subsidiary of Block (SQ) – Is Trying To Lower The Barrier to Entry for Small Businesses To. It’s Also A Continion of Block’s Long-Running Focus on Bitcoin, Which Spans Retail Tools Like Cash App and Hardware Initiatiats Like Its BitKey Wallet and Proto Mining.
Miles Suter, Head of Bitcoin Product at Block, Said The Tools Are Designed to Help Selers “Never Miss A Sale” While Giving Them Access to Financial Oh.
“We’re Making Bitcoin Payments As Seamless As Card Payments,“ He Said in A Statement.
SHAYNE COPLAN’S NET WORTH REPORTEDly Passed $ 1 Billion After The New York Stock Exchange’s OWner Valued Polymarket at $ 8 Billion.
- Intercontinental Exchange Announced IT Will Invest Up to $ 2 Billion in Polymarket at an $ 8 Billion Valuation.
- Bloomberg Named Polymarket Ceo Shayne Coplan The World’s Youngst Self-Made Billionaire.
- Polymarket is Now Legly Operation in the Us After Acquiring A CFTC-Licensed Exchange this Year.
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