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Merchants will be able to accept Bitcoin (BTC) payments through existing Square hardware using the Lightning Network, Bitcoin’s faster, lower-cost layer-2 scaling network.

Play (2min) da-kuk Block (NYSE: XYZ) will launch bitcoin (BTC-USD) payments on Square, its payment system for merchants, making bitcoin more accessible and usable, the company said on Tuesday.

Block Inc. is launching a feature to allow businesses that use the company’s Square point-of-sale terminals to accept payment in Bitcoin, according to a statement from the company.

The Square Handheld is available today for $399 with support for traditional card transactions and tap-to-pay, scanning products, and managing inventory, all from a single device.

To accept in-person and mobile payments, Square offers various low-cost hardware options (interest-free installment plans are also available) to let you swipe, insert, or tap cards to complete a sale.

To accept eChecks and ACH payments, you can use a payment processor such as Stripe or Square. These companies and ones like them provide a payment gateway for customers to enter their sensitive ...