Bitcoin enthusiasts now have a new place to shop
Square announced on Monday that it has begun accepting the cryptocurrency as a form of payment on its online marketplace
Shoppers can opt to "Pay with Bitcoin," which generates a bitcoin address attached to the order. Merchants, according to Square, are effectively insulated from the process and don't have to assume any risk from the ever-changing price of bitcoins.
"The seller receives the amount of the purchased goods or services in USD and in the amount of USD advertised to the sellers' customer at the time of transaction," Ajit Varma, Square Market lead, wrote in a blog post. "So the seller takes no risk on Bitcoin value fluctuations." Read more...
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