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Square (a payment platform under Block) now supports BTC Lightning Network payments 🔋
Core Highlights:
• Merchants can simultaneously accept BTC, credit cards, and electronic wallets.
• Lighting Network seconds confirmation, say goodbye to slow on-chain transactions
• Payment options: directly receive BTC or instantly exchange for fiat currency.
What does it mean? It means that offline small stores can now accept BTC with one click, without waiting for confirmation, and without having to exchange money on Binance themselves. From the payment experience, this is another step towards making BTC more commonplace.
Interestingly, Square has recently been betting on the Lighting Network direction, which is quite aggressive compared to the lukewarm attitude of other payment giants.