Square, a payment platform owned by Block, now allows merchants to receive bitcoin or traditional fiat payments through its point of sales system (POS). The new feature gives sellers the flexibility to choose how customers' transactions are settled.
Square's Bitcoin payments feature uses the Lightning Network to enable near real-time settlements, allowing merchants to process cryptocurrency, credit card and digital wallet payments simultaneously. The integration gives sellers the option to receive payments in cryptocurrency or convert them to fiat when accepting Bitcoin payments.
Square Launches Bitcoin Payment Feature, Supports Lightning Network and Fiat Settlement
2025-11-11 03:02:27
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