According to Mars Finance, Jack Dorsey's payment company Block announced that its sub-brand Square has launched a new Bitcoin payment and wallet product aimed at small and medium-sized merchants using the Square cash register system, with the goal of promoting Bitcoin into everyday business payment scenarios. Merchants can automatically convert their payments to BTC through Square's Bitcoin network, with no fees. Starting from November 10, merchants can also directly accept Bitcoin payments and choose to automatically convert up to 50% of their daily sales revenue into BTC.
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