Square Activates $BTC Payments for 4M Merchants; $BEST Token Gains Traction

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....

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....

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....

Braintree has responded to questions about US merchant adoption of its development kit and clarified that customers can only pay in bitcoin through a Coinbase account. Merchants who use the payments software platform Braintree in the US can enable bitcoin payments through Coinbase starting today. Braintree said that it had integrated Coinbase into its software development kit, which it calls v.zero. This means that merchants who use the kit can now enable bitcoin payments quickly, Braintree said. "Bitcoin is growing in popularity for consumer and merchants alike ... the number of companies....

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....