Block don launch Native Bitcoin Payments for Merchants
Block, wey Jack Dorsey dey lead, don release native Bitcoin payment for merchants dem wey dey inside im system. Dis new feature make businesses wey dey use Square payment platform and Cash App join fit accept Bitcoin payment direct for Bitcoin network, wey mean say dem no go need middle men again and dem go reduce transaction fees. By supporting on-chain Bitcoin payment, Block dey make settlement times fast, e dey reduce chance for chargeback and e dey encourage merchants to use crypto payment more. Even with all dis better thing, merchants still dey face wahala from Bitcoin price waka up and down and di different regulation dem for different area. Many fit still use instant fiat-conversion services to reduce risk. Block big plan still include Cash App Bitcoin trading feature and TBD developer platform, wey show say Jack Dorsey want make decentralized financial ecosystem happen. For traders, dis new thing show say institutions don dey back Bitcoin payments stronger and fit make on-chain activity higher, increase trading volume and improve market feeling as many businesses and consumers dey join direct crypto trade.
Bullish
Di launch of native Bitcoin payments by Block na good for BTC. For short term, direct on-chain payments fit boost transaction volume plus network fees, wey go improve market liquidity and trader confidence. Institutional backing and more merchants wey dey use am dey usually bring positive feeling, fit make price rise. For long term, reducing middlemen and settlement times go make Bitcoin beta pass as medium of exchange. When you combine am with regulatory clarity and fiat-conversion options, dis move dey support sustainable growth, dey make network secure well well and e sure say Bitcoin go still get correct role for global commerce.