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Square launched Bitcoin payment and merchant wallet features.
Odaily News Jack Dorsey's payment company Block announced that its sub-brand Square has launched a new Bitcoin payment and wallet product aimed at small and medium-sized merchants using the Square cash register system, with the goal of promoting Bitcoin's entry into everyday commercial payment scenarios. Merchants can automatically convert payments into BTC through Square's Bitcoin network, with no fees. Starting November 10, merchants can also directly accept Bitcoin payments and choose to automatically convert up to 50% of their daily sales revenue into BTC. (Decrypt)