Square Market Now Accepts Bitcoin

Posted by ryuzaki0 on Monday March 31, 2014 @11:00AM from the with-a-side-of-increased-fraud dept.

An anonymous reader writes "Square today announced it has added support for paying with Bitcoin. As a result, buyers can now use the digital currency to purchase goods and services on Square Market, which allows sellers to create an online storefront with online payment processing. The mobile payment company promises the experience won't feel any different for sellers and they 'don't have to change a thing, except potentially expecting new trailblazing customers and more sales.' In other words, Square wants them to be able to offer Bitcoin as a payment option without any headaches." Stripe is also adding beta support for Bitcoin as a funding source. No word from Paypal yet.

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They're getting into Bitcoin NOW?!? by supremebob · 2014-03-31 11:14 · Score: 0, Troll

Seriously, now is time for businesses to get OUT of Bitcoin and not be trying to get more of it.
In case you haven't noticed, the value of Bitcoin has dropped by more than half over the past three months. Between the MtGox scandal, the Bitcoin bans in Russia and China, and the draconian new IRS regulations, I'm amazed that it's still trading in the $500 range. It sure as hell don't see it coming back to $1,000 soon, that's for sure.