Square Pushes Bitcoin Adoption Further With Merchant Payment Solutions

"Everyone thinks bitcoin is the currency of criminals." According to Alasdair Rambaud, senior vice president for payment solutions provider CardinalCommerce and a self-proclaimed bitcoin user, this is the only factor prohibiting bitcoin from mass adoption. Rambaud believes that "most large merchants" in the US are currently looking into accepting bitcoin as payment, and that the reasons go far deeper than the publicity that can be gained. Rambaud told CoinDesk: "I don't see any other barriers to mass adoption of this aside from the image. It's easy to use, super transparent and you don't....

Undoubtedly, Bitcoin can be called the world’s first truly global currency that has the potential to reduce friction and complement global e-commerce and the Internet age. But while Bitcoin can be used by almost everyone to buy almost anything online, we were interested in discovering which countries are the most accommodating when it comes to locations where people can spend Bitcoin. Merchant adoption may seem rather insignificant, especially if we consider that most of these businesses don’t actually hold any bitcoins i.e. it is common practice to instantly convert digital coins into....

Square CEO Jack Dorsey has issued new statements suggesting that the mobile payments giant may seek to add bitcoin to its Register product. Dorsey's comments came in an interview with the CBC, in which he was asked for his response to the introduction of Apple Pay to the mobile payments market. Noting that Square offers a terminal product that can accept a variety of payment methods, including Apple Pay, Dorsey told the media outlet: "We're building a register so that sellers can accept a credit card, so they can accept cash, so they can accept a cheque, so they can accept bitcoin and so....

Google and Square announced Thursday that they were working on new payment systems that would be able to accept Bitcoin. The move is expected to heat things up in the payments market in general, and with Apple Pay, in particular. Google is currently testing the new payment processing method that will be known as Plaso while Square is working on the hardware terminals. The Square terminal is in the shape of a tablet that will run the Android system. Currently, Square has a piece of hardware known as the Square Reader that can plug into an iPad. The Square Reader can scan credit cards, and....

Square's adoption of Bitcoin could lead to Bitcoin use at Whole Foods and Starbucks. Although many Bitcoin enthusiasts have been looking for new merchants who are directly accepting the cryptocurrency in their local towns, it seems that a move from Square could end up being an even bigger deal. Square announced their integration with Bitcoin today on their blog, and they revealed a few details about how their new Bitcoin-enhanced system is going to work. Most online retailers are not going to notice much of a change, except for the fact that they could have a new crowd of Bitcoin customers....