Square sellers, rejoice! You can now sprinkle a little Bitcoin on your business like a millennial on avocado toast. Block, the company behind Square and Cash App, just launched a new feature that lets you convert a slice (1-10%) of your daily sales into Bitcoin.
Here’s the deal: Every day, a chunk of your hard-earned cash gets sent to your Cash App and magically transforms into Bitcoin by nightfall. You get a confirmation email, high-five yourself for being so crypto-savvy, and then…well, that’s kind of it.
Block claims this is all about “economic empowerment” and letting you diversify your business holdings. Sounds fancy, but for now, there’s no data on how this plays out. It’s basically dipping your toes in the Bitcoin pool without jumping all the way in.
Of course, Block takes a small cut (1%) for playing middleman. But hey, at least you can easily send your Bitcoin elsewhere or sell it whenever you want through Cash App.
This move shows Square is betting big on Bitcoin’s future. They’re making it easier than ever for their users to buy and hold the cryptocurrency. Whether it’s a wise decision for your business? That’s a question only you can answer. But hey, at least now you have the option to sprinkle some Bitcoin magic on your daily grind.
