Investing.com – Mobile payments company Square (NYSE:SQ) has said it is looking at more ways to integrate bitcoin into its business. One Wall Street firm may have an idea.Nomura Instinet surveyed 100 U.S. merchants using Square’s platform and found that 60% of them were willing to accept bitcoin as payment.
The merchants all have at least $100,000 in annual revenue.Square already allows users to buy and sell bitcoin on its Cash app, which is now used by about 7 million people. Square’s co-founder and CEO Jack Dorsey believes Bitcoin is a “transformational technology” and sees it as a “step in the long-term path toward greater financial access for all.”Square’s stock is up about 50% in 2018.
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
By doing so, you and %USER_NAME% will not be able to see
any of each other’s Investing.com’s posts. %USER_NAME% was successfully added to your Block List Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. Read more from investing.com…
thumbnail courtesy of investing.com