London O2 Arena hosts first Bitcoin Fight Night Bitcoin MerchantsNews Here’s Why Square’s Bitcoin Integration is a Big Deal Kyle Torpey Advertisement: Although many Bitcoin enthusiasts have been looking for new merchants who are directly accepting the cryptocurrency in their local towns, it seems that a move from Square could end up being an even bigger deal.Square announced their integration with Bitcoin today on their blog, and they revealed a few details about how their new Bitcoin-enhanced system is going to work.Most online retailers are not going to notice much of a change, except for the fact that they could have a new crowd of Bitcoin customers rolling through their stores.Online merchants who already use Square Market can now accept Bitcoin at the click of a button, which should open the door to many new real world Bitcoin transactions.While this is amazing news for the Bitcoin payment system, it should be noted that Square merchants will not have the option to hold onto the bitcoins sent to them by their customers.

The bitcoins will be instantly converted to dollars for merchants who decide to accept the cryptocurrency.Whole Foods, Starbucks, and Others Use Square While some bitcoiners will be disappointed by the fact that brick and mortor retailers who use Square still cannot integrate with Bitcoin, this is definitely still a move in the right direction.At the end of the day, huge merchants, such as Whole Foods and Starbucks, are already integrated with Square, so they’ll instantly have access to Bitcoin payments once Square decides to build this out on a larger scale.It makes sense for Square to start with online merchants before they bring Bitcoin into the real world.Once their new system has been thoroughly tested online, they will eventually be able to give real world merchants the option to accept Bitcoin payments.Jack Dorsey has stated his intention to allow merchants to accept every form of payment known to man, so it would make sense for him to eventually bring Bitcoin to the masses through Square Register.

Why Square Could Be Bitcoin’s Little Helper The real problem when it comes to Bitcoin adoption at physical stores and restaurants right now is that merchants don’t want to have to add a completely new POS system to their business.With something like Square Register, Bitcoin could be placed right next to Visa and Mastercard as a payment option for customers.While this may be pie in the sky thinking right now, it wouldn’t be too crazy for Square to allow merchants to offer discounts to customers who wish to pay with Bitcoin.Square already offers a unique, low-priced 2.75% fee to each transaction, and integration with Bitcoin would allow them to lower that rate even more for their merchants.As competition between Square, Stripe, PayPal, Google, and others continues to heat up at physical stores, we could see those low fees offered by Bitcoin come into play.Starbucks should accept BitcoinThe online Square Market accepts Bitcoin.Starbucks accepts Square POS payments.Once Square sets up Bitcoin POS payments...Square Market Accepts BitcoinSee allStarbucks should accept BitcoinHere's a barista showing # love with Shiny Badges.Starbucks should accept BitcoinBarista to Starbucks, "Pay Me with Bitcoin"Pay Me with BitcoinStarbucks should accept BitcoinWhy Bitcoin?

Reason #12: "Two days ago, we saw one of the largest transactions ever recorded on the Bitcoin network, where someone transferred $150,000,000 between two Bitcoin accounts in one second for zero fees."-Andreas Antonopoulos (12/19/13)Starbucks should accept BitcoinWhy Bitcoin?Reason #11: Zero storage cost!Starbucks should accept BitcoinWhy Bitcoin?Reason #10: If a mugger demands money, you can deny ownership of bitcoins.Starbucks should accept BitcoinEmployees of Starbucks!bitcoin wallet scanYou can get a portion of your paycheck paid in bitcoins!dao bitcoin mien phiContact the Starbucks Partner Contact Center at 1-866-504-7368, ask nicely and send them this link.BitPayStarbucks should accept BitcoinDuring a CNBC interview, the CEO of Robocoin mentioned a rumor that Starbucks is getting closer to accepting Bitcoin.bitcoin kurs 1 jahr

/Starbucks should accept BitcoinWhy Bitcoin?Reason #9: Bitcoin will never be "quantitatively eased" (a central agency printing more of a currency - this lowers its value).Starbucks should accept BitcoinWhy Bitcoin?Reason #8: Bitcoins are impossible to counterfeit.Starbucks should accept BitcoinWhy Bitcoin?Reason #7: A bitcoin is divisible to eight decimal places (0.00000001), making smaller transactions easier and unfair rounding obsolete.Starbucks should accept BitcoinWhy Bitcoin?bitcoin mega miningReason #6: Ounces of silver vary in value/weight/purity.bitcoin armory serverEvery bitcoin is exactly the same.Starbucks should accept BitcoinThe Twitter profile is launched!bitcoin high tech campusThe movement grows!@HowardNakamotoStarbucks should accept BitcoinThe blog is launched!bitcoin etf sec

The movement grows!Starbucks should accept Bitcoin - The Blog!Starbucks should accept BitcoinWhy Bitcoin?Reason #5: Have you ever tore a bitcoin in half and ruined its value?Home » Mobile and Emerging Payments » Bitcoin, which has long nursed an outlaw persona, seems to be transforming into a yuppie.In the latest sign that the digital currency is moving into the mainstream, iPayYou, a U.S.-based bitcoin platform, said its technology now will enable coffee and food purchases at Starbucks, a chain typically associated with middle- and upper-class urban and suburban lifestyles.bitcoin mining fire riskThe partnership comes as bitcoin approaches new highs, with its price shooting past $1,100 in recent days.kiếm bitcoin miễn phíEarlier today, the average price of bitcoin across all exchanges stood at about $960.The Starbucks bitcoin program could increase the popularity of the digital currency.

The move “was a no-brainer, as the company currently boasts 24,000 stores and [has more than] 1 million customers using the Starbucks mobile order and pay program per month,” said IPayYou Founder and CEO Gene Kavner.Starbucks says it is has no “relationship” with iPayYou, and is not “affiliated” with its product, but offered no further comment; a spokesman for iPayYou says there is no formal integration with any Starbucks technology, and only ” allows users to transfer bitcoin from their iPayYou wallet to their Starbucks account, usable in stores everywhere.” Here’s how the program works: A consumer must have the Starbucks and iPayYou apps.Before a purchase, that consumer selects the amount of bitcoin he wants to use via the iPayYou digital wallet.The consumer selects the payee, and then iPayYou converts the bitcoin into local currency.IPayYou said it usually charges consumers between 15 and 30 cents per transaction, though it did not specify how much Starbucks purchases would cost.

The Starbucks announcement adds to a burst of recent news that suggests bitcoin is starting to outgrow its reputation as a tool for drug purchases, money laundering, tax evasion and other criminal transactions.Late last year, for instance, a Manhattan judge, in a case involving JPMorgan Chase and others, ruled that bitcoin is money; the ruling was the latest instance of a court declaring that bitcoin should be considered money for legal and regulatory purposes.And in the wake of last year’s Brexit, some analysts—including in this Pay Op-Ed—have considered the prospects of treating bitcoin as a safe haven for investors seeking to protect their assets.Also late last year, blockchain, the decentralized transaction-verification system that underpins bitcoin, received a major boost when Microsoft and Bank of America said they would team up to further develop the technology.Related stories: Manhattan Judge Latest to Rule that Bitcoin Is Money Viewpoint: Bitcoin After Brexit Blockchain Gets Boost from Microsoft and Bank of America Image Credits: paomedia PayCommerce: Bringing Blockchain to Cross-Border Payments Mobile World Congress: Oberthur Showcases Latest in Digital Security Mobile World Congress: Qkr!

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