Square Adds Bitcoin Buying for More Cash App Users
Digital payments company Square has rolled bitcoin payments out to most of its Cash App users.
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.
Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips.
Square made $34.1 million in Q1 revenue through bitcoin sales, according to an SEC filing.
Luxury brand Bellatorra Skin Care reports hot demand for crypto payments from both wholesale and retail customers as it expands into China and India.