read more. A study has found that 60% of merchants who use Square payments service said they would accept bitcoin instead of US dollars. The study, conducted by the University of California, Berkeley, and published in a recent issue of the Journal of Consumer Research, surveyed more than 1,000 merchants, including those with over $1 billion in annual revenue. Square's shares have surged more than 49% since its Cash App integrated bitcoin in January. More than seven million merchants use the app, 95% of whom describe it as "excellent" or "good", the study said.
A study has found that 60% of merchants who use Square payments service said they would accept bitcoin instead of US dollars. The study, conducted by the University of California, Berkeley, and published in a recent issue of the Journal of Consumer Research, surveyed more than 1,000 merchants, including those with over $1 billion in annual revenue. Square's shares have surged more than 49% since its Cash App integrated bitcoin in January. More than seven million merchants use the app, 95% of whom describe it as "excellent" or "good", the study said.