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Block, the parent company of Square, has announced Bitcoin as a payment option for merchants, coinciding with its 10% stock surge after joining the S&P 500. CEO Owen Jennings revealed the move on X, emphasizing ease of adoption for small businesses. The integration marks another step in Block’s long-standing advocacy for Bitcoin.
- Block's stock surged 10% after being added to the S&P 500, now trading at $79.50.
- Square merchants can now accept Bitcoin via QR code, enhancing payment flexibility.
- Block aims to drive Bitcoin adoption, benefiting small businesses with faster, lower-cost transactions.
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