Block, the parent company of Square, has introduced a new feature starting today that allows Square merchants to automatically convert between 1% and 10% of their daily sales into bitcoin. This service is facilitated through the Cash App, as stated by Michael Rihani of Cash App. The initiative, spearheaded by Jack Dorsey, aims to provide millions of sellers an easy way to access bitcoin and diversify their financial holdings. The feature was rolled out with the intention of meeting merchant demands for simpler access to cryptocurrency investments.
SQUARE'S NEW FEATURE LETS BUSINESSES CONVERT SALES TO BITCOIN - @Jack Dorsey's Square platform introduces a feature enabling businesses to automatically convert a portion of their daily sales into $BTC. - The feature is part of Block's initiative, the parent company of Square,β¦ https://t.co/BRu3YoOQWW https://t.co/z58jmWdthj
JUST IN: @SQUARE APP ANNOUNCES NEW FEATURE THAT WILL ALLOW BUSINESSES TO AUTOMATICALLY CONVERT A PORTION OF THEIR SALES TO $BTC
Jack Dorsey's Square Will Convert Shops' Revenue to Bitcoin via Cash App βΊ https://t.co/mG22XOjKVb https://t.co/mG22XOjKVb
JUST IN: Starting today, Square is rolling a new feature allowing retailers to automatically convert 1-10% of their credit card sales into #Bitcoin via Cash App ππ https://t.co/XxyFK1egvq
square sellers: auto-convert a percent of your daily sales to bitcoin: https://t.co/sMiTIZV916 https://t.co/Glnt8gc2eC
JUST IN: Jack Dorsey's Block now allows millions of sellers using Square to automatically convert up to 10% of daily sales into #Bitcoin using Cash App π https://t.co/14EEZkiyof
Fintech firm @Blocks is rolling out a service to automatically convert a portion of merchant sales into #bitcoin. βMany sellers have told us they want an easy way to access bitcoin and diversify their holdings," @CashApp's @MichaelRihani told @danielgkuhn https://t.co/Lg4k7TOjGB
Itβs official, @Square + @CashApp + #Bitcoin Super excited to start rolling out Bitcoin Conversions today! Millions of Square sellers will be able to automatically convert 1-10% of their daily sales into bitcoin with Cash App π https://t.co/1VD5RTfx0u
Block lets Square merchants convert a part of their daily sales to bitcoin https://t.co/zNXgLfDqIR
Block lets Square merchants convert a part of their daily sales to bitcoin: https://t.co/jgtLj584ZX by TechCrunch #infosec #cybersecurity #technology #news