"Miles Suter stated, 'This is how bitcoin as everyday money begins,' emphasizing the significance of the launch for integrating bitcoin into daily transactions."
"The new feature ensures that sellers who accept bitcoin will receive dollars as their default settlement currency, effectively eliminating volatility risks for local merchants."
Square has launched a feature allowing eligible merchants in the U.S. to accept bitcoin payments automatically. This initiative, announced by Bitcoin Product Lead Miles Suter, aims to simplify digital asset transactions for businesses. Merchants will receive U.S. dollars as the default settlement currency, reducing exposure to bitcoin's volatility. The rollout is designed to enhance the use of digital assets in everyday commerce, benefiting both small and large businesses across the country.
Read at news.bitcoin.com
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