Well, butter my biscuit and call me a hodler! Square, that clever little scamp of a company, has gone and done it again. Announced on a fine Wednesday, theyâre letting their 4 million-plus US sellers accept Bitcoin (BTC) at checkout-and hereâs the kicker: they can convert part of their revenue into the shiny digital gold. đ Merchants can stash their BTC in a cozy little wallet right inside Squareâs dashboard, where they can buy, sell, and withdraw to their heartâs content. Ainât that a hoot?
And get this-in a move so generous itâd make Santa blush, Squareâs waiving transaction fees until the end of 2026. After that, a measly 1% fee creeps in on January 1, 2027. Thatâs over two years of essentially free Bitcoin payments, folks! A sly way to grease the wheels of adoption, if you ask me. đ¤
Now, hold your horses-this partyâs only for US sellers (sorry, New York, your BitLicense shenanigans keep you on the naughty list). No international shindigs just yet, but if this pilot takes off, you can bet your bottom dollar itâll go global. With Bitcoin hitting all-time highs, itâs like Squareâs readinâ the room just right. đ
Dorseyâs Wild Bitcoin Dream Rides Again
Squareâs Bitcoin hug ainât exactly a shockeroo. Jack Dorseyâs been Bitcoinâs biggest cheerleader in Silicon Valley, yappinâ about it becominâ the ânative currency of the internet.â Under his watch, Block Inc. (Squareâs fancy parent) has already woven BTC into its Cash App, lettinâ folks buy, sell, and spend Bitcoin like itâs candy. đŹ
But olâ Jack didnât stop there. Heâs backed Bitcoin mining initiatives, aimân to make it cheaper and less like a gold rush for the big boys. And Blockâs sittinâ pretty with 8,692 BTC on its balance sheet-thatâs enough to make it the 13th-largest public holder globally. This ainât no fling with crypto; itâs a full-blown romance. đ
Crypto Payments: Back and Flashier Than Ever
The timingâs as perfect as a pie fresh out the oven. After years of wanderinâ in the crypto wilderness, payments are back in the spotlight. A friendlier regulatory breeze and a market thatâs finally growinâ up are sparkinâ interest in usinâ crypto for more than just gamblinâ. đ¤
Squareâs got the numbers to back it up: eMarketer says US crypto payment usage is set to jump 82% between 2024 and 2026. And folks are catchinâ on-a YouGov survey found that users in the US and UK are seeinâ payments as cryptoâs killer app. Even the robots are gettinâ in on it, with AI agents gearinâ up to sling crypto payments like itâs their job. đ¤
The Great Payment Gold Rush
Squareâs moveâs landinâ in a wild west of competition. PayPalâs been expandinâ its crypto tools like thereâs no tomorrow, supportinâ Bitcoin, Ether, and its own stablecoin PYUSD. Meanwhile, Stripe and Shopify plug-ins are quietly jockeyinâ to blend traditional payments with digital assets. Itâs a regular arms race, I tell ya! đŤ
This zero-fee BTC integration ainât just a feature-itâs a Trojan horse with a Bitcoin logo on it. By makinâ Bitcoin as common as a cup of coffee at checkout, Squareâs poisinâ to onboard millions into the crypto economy. For Bitcoin, long accused of beinâ âdigital goldâ instead of real money, this is its chance to shine as a medium of exchange. đ°
If this pans out, Squareâs Bitcoin rollout could mark a pivot so subtle yet so significant, itâd make a foxâs tail twitch. Dorseyâs always seen Bitcoin as more than a get-rich-quick scheme. By usinâ Squareâs massive merchant base and sweeteninâ the deal with zero fees, heâs makinâ a serious play to push Bitcoin into everyday life. đ
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2025-10-08 21:39