Square Market Now Accepting Bitcoin Payments
Square's online marketplace that allows consumers to shop online from local businesses, better known as Square Market, is now accepting bitcoins. What this means is that any business who is signed up with Square Market (which allows them to create an online storefront from their business), can accept your digital currency. "For sellers, the experience won't feel any different. Whether selling services or goods, sellers don't have to change a thing, except potentially expecting new trailblazing customers and more sales," Square wrote in their announcement post on Monday. The San....
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It's Sunday again, and you know what that means. It's time for another CCN Week in Review. This week, from 31 March - 6 April, payments processor Square began accepting bitcoin, Neo & Bee became insolvent, altcoin exchange Crypto Rush collapsed, and more. Our in-house media specialist Calvin Tran has got another informative and entertaining video about this week's news, so be sure to check that out. After that, scroll down to get more details on this week's top stories. [youtube http://www.youtube.com/watch?v=ejYvvj-cYH0?rel=0]. Square Market Accepts Bitcoin. Merchants who use Square....
Square has indicated that it will send dollar payments from Coinbase bitcoin transactions directly to its merchants. San Francisco-based mobile point-of-sale (mPOS) giant Square sent a jolt of excitement through the bitcoin ecosystem when it announced that it would allow users to pay for goods and services with the digital currency via its online marketplace, Square Market. With a valuation of $5bn, Square is already a giant in the payments space despite its relative newcomer status. Founded in 2009, it's backed by millions in venture capital investment and a star executive, Twitter....
San Francisco-based mobile point-of-sale (mPOS) solution provider Square has announced that merchants will now be able to sell goods and services for bitcoin via its Square Market. Introduced in June 2013, the Square Market is an online website that features Square retailers in a centralized location not unlike eBay or Etsy. Square Merchants are not charged for listing items on the marketplace, but pay 2.75% for each sale for payments made with traditional payment options. Wrote the company on its official blog: "Making commerce easy means creating easy ways to exchange value for....
Square's adoption of Bitcoin could lead to Bitcoin use at Whole Foods and Starbucks. Although many Bitcoin enthusiasts have been looking for new merchants who are directly accepting the cryptocurrency in their local towns, it seems that a move from Square could end up being an even bigger deal. Square announced their integration with Bitcoin today on their blog, and they revealed a few details about how their new Bitcoin-enhanced system is going to work. Most online retailers are not going to notice much of a change, except for the fact that they could have a new crowd of Bitcoin customers....
Starting today, sellers using Square payment system’s open market can accept Bitcoin through them. Accepting Bitcoin through them is dead simple. It generates a QR code upon starting the transaction, mobile wallets can scan the code, or input the payment data manually if using a hosted service. The payment is verified, and boom, you’re done. What does this mean for Square? Well, it pretty clearly shows that they understand Bitcoin is not a force they should ignore, and that accepting Bitcoin as a part of their storefront can only expand their sales. This also puts Stripe’s announcement....