Jack Dorsey Confirms Block's Square Plans to Enable Bitcoin Payments for 4 Million Merchants Processing $200 Billion Annually

Jack Dorsey, the billionaire co-founder of Twitter and CEO of Block, has announced that his company is actively working to enable Bitcoin payments on merchant terminals. Dorsey confirmed that this initiative aims to allow approximately 4 million businesses using Square to accept Bitcoin, which collectively process around $200 billion annually. He emphasized that users do not need permission from financial institutions like BlackRock to utilize Bitcoin, stating, "We don’t need their permission." This move is seen as a significant step toward integrating Bitcoin into mainstream commerce and could potentially reshape the payments industry. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io