Square

GoMining is challenging Jack Dorsey's Square with a payments system designed around bitcoin. The system aims to compete with Square's existing payment solutions by leveraging bitcoin technology.

The article presents a math puzzle that challenges readers to determine the lengths of the sides of a square. It focuses on solving a geometric problem without providing additional context or details.

Square has crossed 1 million Bitcoin-enabled merchants, with a wave of auto-enrollment beginning on March 30, allowing customers to pay in Bitcoin while merchants receive USD settlements. The rollout is powered by the Lightning Network. Block's strategy centers on integrating bitcoin across its ecosystem.

Dorsey's Block raised its full-year guidance after a strong Q1, despite recording a $173 million bitcoin remeasurement loss. Cash App's bitcoin business was down 31% year-over-year. Square reported a negligible gross profit impact from crypto.

The article discusses the practicality of using Bitcoin and Lightning payments at real stores through Square. The author is curious about the experience of using these payment methods in the real world. They ask if merchants usually know they have it enabled and if customers can pay instantly.

Block (XYZ) announced 800,000 Square merchants now accept Bitcoin payments, emphasizing Bitcoin as 'everyday money.' The company introduced new features like tap-to-pay via the Lightning Network and expanded Cash App's Bitcoin capabilities, including auto-conversion and higher withdrawal limits.

Jack Dorsey's Block, parent company of Square, has added bitcoin to its treasury in Q1, bringing its total holdings close to 9,000 BTC. The move highlights the company's continued investment in cryptocurrency.

Block (NYSE: XYZ) introduced Bitcoin-focused products including the Bitkey hardware wallet, expanded Cash App features for Bitcoin accumulation and spending, and a Proof of Reserves system. The updates aim to enhance custody, payments, and financial infrastructure across its ecosystem.