Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App

Daniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.

Jack Dorsey’s fintech company Block , formerly known as Square, is linking together two of its biggest platforms, merchant services system Square and peer-to-peer payments app CashApp, to give retail stores the ability to automatically convert a portion of their daily sales into bitcoin

Block reportedly carried out market research by surveying Square sellers and found that there is demand for a product like Bitcoin Conversions. Many merchants “are interested in bitcoin and believe it presents a wide range of use cases, such as long term savings and diversifying their businesses’ holdings,” the company’s press release says.

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