11-01 09:24 Saturday
Square Rewards 20,000 Merchants With $50 in BTC — Here’s Why Jack Dorsey’s Move Matters
Square is offering $50 in Bitcoin to the first 20,000 U.S. merchants who activate its new "Bitcoin Conversations" feature, which allows sellers to discuss and learn about BTC directly within their Square dashboard. This initiative coincides with increased corporate Bitcoin adoption, as Coinbase added 2,772 BTC to its reserves in Q3 and Prenetics purchased another 100 BTC, bringing its total to 378. Despite this, Bitcoin's price remains around $109,000, facing resistance at $110,000 amid ETF outflows and U.S.-China trade tensions.
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