Square Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026
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Jack Dorsey's Square (XYZ) has begun the rollout of bitcoin payments for merchants on its network. Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square's parent company Block (XYZ), posted on X on Tuesday . Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat. Square plans to make the service available to all merchants us...
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