Square Books Small Profit for First Quarter of Bitcoin Sales
Square made $34.1 million in Q1 revenue through bitcoin sales, according to an SEC filing.
State-imposed quarantines and policies set to work-from-home are boosting bitcoin-based shopping.
Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips.
More than 2,000 vending machines in Australia and New Zealand will let customers purchase Coke products using bitcoin.
The Dolder Grand, a five-star hotel in Switzerland, will start accepting bitcoin payments from next month.
U.S.-based venture capitalist Tim Draper has invested $1.25 million in OpenNode, a bitcoin-only payments processing startup.