Square Market Now Accepts Bitcoin

An anonymous reader writes "Square today announced it has added support for paying with Bitcoin. As a result, buyers can now use the digital currency to purchase goods and services on Square Market, which allows sellers to create an online storefront with online payment processing. The mobile payment company promises the experience won't feel any different for sellers and they 'don't have to change a thing, except potentially expecting new trailblazing customers and more sales.' In other words, Square wants them to be able to offer Bitcoin as a payment option without any headaches." Stripe is also adding beta support for Bitcoin as a funding source. No word from Paypal yet.

Best of both worlds

[Actually, I do RTFA]

Sweet! Sounds like a great deal

I get the convenience of the transactions being helpfully reported to the government making my taxes easier

I get the joy of paying middlemen.

I get the reliability and stability of bitcoin.

Re:They're getting into Bitcoin NOW?!?

[zieroh]

In case you haven't noticed, the value of Bitcoin has dropped by more than half over the past three months. Between the MtGox scandal, the Bitcoin bans in Russia and China, and the draconian new IRS regulations

So what? BTC is a medium of payment. The businesses accepting BTC as payment are largely converting it into their preferred currency, so the volatility isn't very important.

I'm amazed that it's still trading in the $500 range.

Your amazement should be taken as a clue that you don't actually understand the Bitcoin market.

It sure as hell don't see it coming back to $1,000 soon, that's for sure.

See above.

Re:They're getting into Bitcoin NOW?!?

[AudioEfex]

If you mean "inevitable wave of the future", as in "3-D movies in the home is the inevitable wave of the future" or "nuclear power is the inevitable wave of the future"...well, all I can say is, good luck with that, LOL.

Re:That'll be, uh, can you just pay in USD?

[mythosaz]

I've personally tried to accept Bitcoin as payment for some electronics I sold online, but by the time the buyer paid, I actually lost about $5.

My experience was the opposite. I just bought some electronics online, and by the time the seller got my funds, I actually saved about $5.