Jack Dorsey's Square launches built-in Bitcoin payments and wallet tools with zero processing fees

Key Takeaways

• Square today announced the launch of Square Bitcoin, a fully integrated payments and wallet solution designed to make Bitcoin usable for everyday business transactions.
• The new offering allows merchants to accept Bitcoin payments directly from their point of sale with no processing fees for the first year.

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Jack Dorsey’s Square today launched an integrated Bitcoin payment and wallet solution for business owners, allowing merchants to accept Bitcoin and manage it alongside their finances with no processing fees on payments for the first year.

Called Square Bitcoin, the solution emphasizes seamless integration and ease of use, enabling businesses to accept Bitcoin alongside traditional card payments. Square positions it as a way for merchants to simplify Bitcoin adoption while gaining more flexibility and control within their existing payment systems.

Jack Dorsey, co-founder of Block Inc., has advocated for Bitcoin as a borderless and permissionless financial system that challenges traditional payment giants. His vision promotes Bitcoin as a replacement for outdated payment infrastructures, enabling businesses to operate independently like their own banks.

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