Square Market starts accepting Bitcoin payments

Tuesday 1 April 2014 14:53 CET | News

US-based Square Market, an ecommerce platform for local businesses, has begun accepting Bitcoin payments.

The process begins when a customer chooses to buy off of Square Market in Bitcoin. Afterwards, Square Market will comprise a Bitcoin address and attach it with the order. Once the funds are sent, the payment is detected and buyers then see a confirmation screen. Sellers get paid in USD after the Bitcoin value is exchanged.

Bitcoin is a peer-to-peer (PTP) digital currency technology which operates with no central authority or banks. It was launched in 2008 and is traded within a global network of computers. Bitcoins, the digital currency, can be transferred without going through banks or clearing houses.

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Keywords: Bitcoin, Square Market, online, payments
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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