"Square" which enables card payment anywhere introduces Bitcoin payment

Simply install a credit card reader on your smartphone to enable card payment anywhereSquareBut,Square MarketWe announce on blog that we can now select Bitcoin payment with payment above.

Square Market Accepts Bitcoin
http://corner.squareup.com/2014/03/square-market-accepts-bitcoin.html


Square adopts Bitcoin payment on the Square market as a tool that allows both buyers and sellers to make transactions more easily by increasing the options of settlement format. Even if the seller is not familiar with the settlement method by Bitcoin, we introduced a mechanism that makes it easy to buy and sell without change.

In the flow of settlement, when the purchaser selects "Bitcoin payment", Square first generates a new Bitcoin address. The buyer can access Bitcoin Wallet by accepting Bitcoin payment from the received address. You can check processing details by scanning the QR code displayed after opening the wallet from the mobile terminal etc.

ByZach Copley

When the purchaser completes the input of necessary information and payment from the purchaser's wallet is read on the network, Square confirms that the generated Bitcoin address finishes processing without problem and automatically purchases the purchaser Display order confirmation page to. It is said that these processes are constantly monitored through the Bitocoin address so that safety can be secured.


By the way, even if payment is made with Bitcoin, the selling side receives it in the US dollar which settles the price. Therefore, you can increase the form of settlement without risk of using Bitcoin, which is subject to intense price fluctuations.