Now that Square is Block, does Square Point of Sale support Bitcoin as a currency option?

Now that Square is Block, does Square Point of Sale support Bitcoin as a currency option? 

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Square is still Square and will remain Square, It is just the company that owns Square is now called Block.

 

Short answer, No.  Bitcoin is not a current option directly in Square.

 

Long answer, I'm sure some form of Crypto payment will eventually make its way into Square POS but for now, there isn't one and I don't see Bitcoin being it.  It needs to be fast and cheap and bitcoin is neither and doesn't scale to being either.  current bitcoin transaction cost is $4.99 per transaction as of this comment.  https://ycharts.com/indicators/bitcoin_average_transaction_fee  and the current bitcoin transaction confirmation is 29 minutes as of this writing.  https://ycharts.com/indicators/bitcoin_average_confirmation_time.

 

So I would assume no one wants a $6 transaction costing $5 in fees and taking a half-hour to process.  It clearly isn't for use in retail investments.

 

 

As with all crypto, you can accept crypto payment outside of Square and use your wallet directly.

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