TechFlow news, July 24 — According to Decrypt, Block (formerly Square Inc.) officially joined the S&P 500 index on Wednesday, as its payment platform Square began offering Bitcoin payment services to select merchants.
The service leverages Bitcoin's Lightning Network technology, enabling merchants to directly accept Bitcoin payments through Square hardware devices, facilitating near-instant and low-cost transaction processing.
Owen Jennings, head of business at Block, confirmed on social media that the company has started recruiting customers for its "native Bitcoin payment experience." The feature was initially announced in May and forms part of Jack Dorsey's vision to make Bitcoin a mainstream payment method.
Add to Favorites
Share to Social Media
