Square switches on Bitcoin payments by default for eligible US merchants
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Square has enabled Bitcoin payments by default for eligible US merchants, turning on BTC acceptance across its seller network without requiring merchants to opt in. The move embeds Bitcoin into Square's existing point-of-sale and online checkout flows, potentially exposing millions of small-business transactions to BTC for the first time. It matters because merchant acceptance has long been a missing link in Bitcoin's payments use case, and a default-on setting removes friction that previously kept sellers on the sidelines. Watch whether other payment processors follow with similar opt-out designs, and whether regulatory clarity and network transaction limits constrain how much volume actually shifts on-chain.
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Square, Bitcoin (BTC)
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