Square of Jack Dorsey starts supporting merchants to accept payments in Bitcoin

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Square, a company owned by Jack Dorsey, has begun rolling out a feature to accept Bitcoin payments for retail investors in America. This feature utilizes Square's existing POS system and the Lightning network, allowing for near-instant Bitcoin payments at a low cost without the need for additional hardware. Businesses can choose to hold BTC or convert it to USD right at the point of sale.

This move comes amid a strong surge in Bitcoin, surpassing 118,000 USD due to ETF capital inflow and institutional interest. With over 4 million retail investors and 200 billion USD in annual transactions, Square could become a lever to bring Bitcoin into consumer life.

Jack Dorsey has long supported the idea of turning Bitcoin into the currency of the Internet. This integration helps realize that vision, transforming BTC from a speculative asset into a widely accepted means of payment.

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