Square’s Groundbreaking Zero-Fee Bitcoin Payment Model: What’s in Store?
Square, now operating under the umbrella of Block, Inc., has made headlines with an innovative initiative that allows around 4 million U.S. merchants to accept Bitcoin payments with zero processing fees until 2027. Designed to boost Bitcoin’s mainstream usage, this model offers economic flexibility to merchants and enables real-time transactions through the Bitcoin Lightning Network. But how does this impact the market?
How Will This Move Affect Competition Among Crypto Payment Platforms?
The introduction of Square’s zero-fee Bitcoin payment model is expected to significantly alter the competitive dynamics within the crypto payment space. By challenging the status quo of credit card processing fees, which typically hover between 2.5%…
