Payments platform Square is announcing Bitcoin (BTC) as an option for merchants as its parent company Block (XYZ) jumps 10% after being added to the S&P 500.
In a new thread on the social media platform X, Block chief executive Owen Jennings says that sellers using Square can now receive the top crypto asset by market cap as a form of payment.
“Today we’re onboarding our first few Square sellers for the new native Bitcoin acceptance experience this is the way!”
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Block, which was founded by former Twitter executive Jack Dorsey in 2009, recently announced that it had been added to the S&P 500, causing its stock price to rally. The firm released a statement noting that this is just the beginning for them.
Block
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