Block Introduces Bitcoin Conversion Feature for Square Merchants

Block's new service allows Square merchants to convert a portion of their daily sales into Bitcoin, enhancing financial flexibility.

Block, formerly known as Square, launches a Bitcoin conversion feature enabling merchants to convert 1-10% of daily sales into Bitcoin via Cash App.
The service is initially available to sole proprietors and single member LLCs, with plans for broader rollout in the coming months.
Merchants will incur a 1% fee for each conversion, offering a potentially cost-effective way to invest in Bitcoin.
The feature aims to empower merchants by providing a simple way to diversify assets and engage with the global monetary system.
Block's ongoing commitment to Bitcoin includes the development of a new three-nanometer chip for Bitcoin miners, promising enhanced efficiency.