Square Accepts Bitcoin Cryptocurrency
Payment service Square announced this week that it has begun accepting Bitcoin as a form of payment in its online marketplace.
Shoppers must choose to "Pay with Bitcoin" during checkout which will generate a special bitcoin address attached to the order. Square will then monitor that address through the checkout process to ensure payment has been received.
Square is focused on providing sellers a way to accept any form of payment and the emerging Bitcoin cryptocurrency is certainly a logical direction for the payment startup to take advantage of.
"For sellers, the experience won’t feel any different," said Ajit Varma, Square Market Lead. "Whether selling services or goods, sellers don’t have to change a thing, except potentially expecting new trailblazing customers and more sales.