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Jack Dorsey Says Block Will Allow Square Sellers To Auto Convert A Percent Of Daily Sales To Bitcoin
Jack Dorsey Says Block Will Allow Square Sellers To Auto Convert A Percent Of Daily Sales To Bitcoin
Block Inc (NYSE:SQ) CEO and Twitter co-founder Jack Dorsey has announced a new feature that enables Square merchants to automatically convert a percentage of their daily sales into Bitcoin (CRYPTO: BTC).
What Happened: On Wednesday, Dorsey took to X, formerly Twitter, to announce the new feature, stating, "Square sellers: auto-convert a percent of your daily sales to bitcoin."
This feature, which is rolling out in the U.S. starting today, will transfer 1-10% of Square sellers' daily sales to their personal Cash App account. At the end of the day, this amount will be converted into Bitcoin. Merchants will receive a confirmation of the conversion when the transaction is complete, according to a TechCrunch article shared by Dorsey.
square sellers: auto-convert a percent of your daily sales to bitcoin: pic.twitter.com/Glnt8gc2eC
— jack (@jack) April 24, 2024
According to TechCrunch, Block has stated that the Bitcoin conversion feature will be available to all sole proprietors or single-member LLCs in the coming months. The company will take a 1% cut from every conversion made by the seller. Merchants can send Bitcoin to other wallets or sell them at any time from their Cash App account.
Why It Matters: This move comes as part of Block's ongoing efforts to expand its cryptocurrency offerings. In December 2023, the company launched its self-custody Bitcoin wallet, Bitkey, which is now accessible in over 95 countries. The wallet, available as a mobile app or hardware storage, highlights a two-of-three multi-signature wallet consisting of a mobile key, a hardware key, and a server key.
However, this announcement also comes on the heels of significant layoffs at Block. In January 2024, the company reduced its workforce by 10%, affecting employees across various sectors of the company, including the Cash App, Foundational, and Square sectors. The layoffs were reportedly conducted in a single day to boost efficiency at the financial firm.
Price Action: Block shares closed 1.58% lower at $74.03 in the regular session and declined nearly 1% in the after-hours trading. At the time of writing, Bitcoin traded 3.5% lower at $64,274.16, according to data from Benzinga Pro.
Photo by Frederic Legrand – COMEO on Shutterstock
Block Inc (NYSE:SQ) CEO and Twitter co-founder Jack Dorsey has announced a new feature that enables Square merchants to automatically convert a percentage of their daily sales into Bitcoin (CRYPTO: BTC).
Block Inc(纽约证券交易所代码:SQ)首席执行官兼推特联合创始人杰克·多尔西宣布了一项新功能,使Square商家能够自动将其每日销售额的一定百分比转换为比特币(加密货币:BTC)。
What Happened: On Wednesday, Dorsey took to X, formerly Twitter, to announce the new feature, stating, "Square sellers: auto-convert a percent of your daily sales to bitcoin."
发生了什么:周三,Dorsey在X(前身为Twitter)上宣布了这项新功能,他说:“Square卖家:自动将每日销售额的百分比转换为比特币。”
This feature, which is rolling out in the U.S. starting today, will transfer 1-10% of Square sellers' daily sales to their personal Cash App account. At the end of the day, this amount will be converted into Bitcoin. Merchants will receive a confirmation of the conversion when the transaction is complete, according to a TechCrunch article shared by Dorsey.
该功能将于今天开始在美国推出,它将把Square卖家每日销售额的1-10%转移到他们的个人Cash App账户。归根结底,这笔金额将转换为比特币。根据多尔西分享的TechCrunch文章,交易完成后,商家将收到转换确认。
square sellers: auto-convert a percent of your daily sales to bitcoin: pic.twitter.com/Glnt8gc2eC
— jack (@jack) April 24, 2024
square sellers:自动将每日销售额的百分比转换为比特币:pic.twitter.com/glnt8GC2EC
— 杰克 (@jack) 2024 年 4 月 24 日
According to TechCrunch, Block has stated that the Bitcoin conversion feature will be available to all sole proprietors or single-member LLCs in the coming months. The company will take a 1% cut from every conversion made by the seller. Merchants can send Bitcoin to other wallets or sell them at any time from their Cash App account.
根据TechCrunch的说法,Block表示,比特币转换功能将在未来几个月内提供给所有独资经营者或单一成员有限责任公司。该公司将从卖方的每次转换中扣除1%。商家可以随时通过其Cash App账户将比特币发送到其他钱包或出售。
Why It Matters: This move comes as part of Block's ongoing efforts to expand its cryptocurrency offerings. In December 2023, the company launched its self-custody Bitcoin wallet, Bitkey, which is now accessible in over 95 countries. The wallet, available as a mobile app or hardware storage, highlights a two-of-three multi-signature wallet consisting of a mobile key, a hardware key, and a server key.
为何重要:此举是Block不断扩大其加密货币产品范围的努力的一部分。2023年12月,该公司推出了自托管的比特币钱包Bitkey,该钱包现已在超过95个国家使用。该钱包可用作移动应用程序或硬件存储,突出显示了由移动密钥、硬件密钥和服务器密钥组成的三分之二的多重签名钱包。
However, this announcement also comes on the heels of significant layoffs at Block. In January 2024, the company reduced its workforce by 10%, affecting employees across various sectors of the company, including the Cash App, Foundational, and Square sectors. The layoffs were reportedly conducted in a single day to boost efficiency at the financial firm.
但是,这一宣布也是在Block大规模裁员之后发布的。2024年1月,该公司裁员10%,影响了公司各个领域的员工,包括现金应用程序、基础和Square领域。据报道,裁员是在一天之内进行的,目的是提高该金融公司的效率。
Price Action: Block shares closed 1.58% lower at $74.03 in the regular session and declined nearly 1% in the after-hours trading. At the time of writing, Bitcoin traded 3.5% lower at $64,274.16, according to data from Benzinga Pro.
价格走势:大宗股票在常规交易中收盘下跌1.58%,至74.03美元,盘后交易中下跌近1%。根据Benzinga Pro的数据,在撰写本文时,比特币的交易价格下跌了3.5%,至64,274.16美元。
Photo by Frederic Legrand – COMEO on Shutterstock
摄影:弗雷德里克·罗格朗 — Shutterstock 上的 COMEO
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在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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