Bitcoin at Your Corner Store? Square’s New Tool to Make Bitcoin like ‘Everyday Money’
Bitcoin MagazineBitcoin at Your Corner Store? Square’s New Tool to Make Bitcoin like ‘Everyday Money’ Square announced Square Bitcoin today, designed to let small businesses accept Bitcoin payments, hold it in a built-in wallet, or automatically convert part of their sales into Bitcoin. This post Bitcoin at Your Corner Store? Square’s New Tool to Make Bitcoin like ‘Everyday Money’ first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Bitcoin at Your Corner Store? Square’s New Tool to Make Bitcoin like ‘Everyday Money’
Square is rolling out a tool that could make Bitcoin usable in everyday business — from coffee shops to corner stores.
Square is bringing Bitcoin to your local small businesses.
The company announced a new product suite called Square Bitcoin today, designed to let small businesses accept Bitcoin payments, hold it in a built-in wallet, or automatically convert part of their sales into Bitcoin — all within the same dashboard they already use for point-of-sale and banking.
If unfamiliar with Square, Square is an all-in-one platform that helps small businesses accept payments, manage operations, and grow. The company offers a mix of hardware and software for POS systems, online sales, and business needs like processing and payroll.
The Square Bitcoin rollout includes three key features: sellers can accept Bitcoin payments with no processing fees for the first year; they can automatically convert a portion of their card sales into Bitcoin; and they have access to a fully integrated Bitcoin wallet where they can buy, sell, and hold BTC.
JUST IN: Jack Dorsey's Square introduced a #Bitcoin wallet solution to enable local businesses to accept BTC payments with zero fees.
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