In brief

  • Jack Dorsey’s Block wants its customers to use Bitcoin more.
  • Block’s Square product will allow merchants to receive the cryptocurrency and manage it within a wallet.
  • Block shares rose 2.6% on Wednesday.

Jack Dorsey’s payments company Block said on Wednesday that it is debuting a new Bitcoin payments and crypto-integrated wallet targeting small businesses using its Square point-of-sales system, its latest initiative in an ongoing push to make BTC part of daily commerce. 

Starting Wednesday, merchants using the Square Bitcoin network, will be able be able to convert money received into BTC with zero fees and have access to the wallet, Block said in an announcement. On November 10, businesses will be able to accept the cryptocurrency as well as convert up to 50% of daily sales revenue into Bitcoin.

“We’re making Bitcoin payments as seamless as card payments while giving small businesses access to financial management tools t

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Author: Mathew Di Salvo

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