Square expands BTC payments for U.S. merchants

Square, a business service of Jack Dorsey-founded payments company Block, has completed the phased rollout of Bitcoin payments for U.S. merchants and now offers Lightning Network payments to eligible sellers, Bitcoin News reported. Customers can pay in BTC, while merchants can choose to receive U.S. dollars or keep the BTC. Square plans to waive Bitcoin payment processing fees through the end of this year and then apply a 1% fee.