Behold, the mighty Bitcoin, now dancing through the cash registers of 4 million businesses, all thanks to the visionary Jack Dorsey! 🐴✨ What’s next? A horse-drawn carriage powered by blockchain?
Reports say this grand rollout began on November 10, targeting Square’s US merchants like a well-aimed arrow. But let’s not get too excited-4 million is a number, not a revolution. Yet.
Block Enables Bitcoin For Merchants – Or So They Say
Merchants can now accept Bitcoin at checkout, with transactions zipping over the Lightning Network like a caffeinated squirrel. 🐿️ And if that’s too much, they can convert to fiat or keep their BTC. A choice! What a concept!
“Our sellers can now receive BTC to BTC, BTC to fiat, fiat to BTC, or fiat to fiat.” – Jack, because nothing says “visionary” like a 100% tax on your taxes. 📉
Fees And Conversion Rules: A Tale Of Two Taxes
Block promises no fees for Bitcoin until 2027, after which they’ll charge a modest 1%-like a toll on the road to digital utopia. 🚧 And for the bold, they’ll let you convert 50% of card sales to Bitcoin. A generous offer, if you’re into gambling with your revenue.
But alas, New York remains excluded, as if the city’s already too trendy for this. 🗽
Adoption at scale is the key test-like trying to teach a cat to fetch. Many merchants are active sellers, but will customers actually use this? Probably not. Unless they’re desperate. 🙃
Block’s pitch? No chargebacks and Lightning’s “lower friction.” Sounds like a magic trick. 🎩🐇
Technical hiccups? Of course! Anti-money-laundering checks, Lightning routing for small payments-because nothing says “trust” like a 10-page form. 📄
Tax concerns? A puzzle that even the wisest merchant might struggle to solve. Block promises tools, but let’s not pretend this isn’t a game of chance. 🎲
Merchant Uptake And Market Impact
Analysts say this could push Bitcoin into everyday commerce if customers and shops play along. But let’s be real: most folks still prefer cash, or at least a check. 🧾
Still, adoption will be gradual. Like watching grass grow, but with more crypto jargon. 🌱
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2025-11-11 16:46