A study has found that 60 % of merchants who use Square payments service said they would accept bitcoin instead of US dollars . The investigation by Nomura Instinet of 100 US - based merchants with annual turnover of more $ 100,000 also found the 25 - 54 years age group accounted for the single largest proportion of bitcoin users . Square 's shares have increased more than 49 % since its Square App integrated bitcoin in January . More than seven million merchants use the service , 95 % of whom describe it as " excellent " or " good " , the company said .
A study has found that 60% of merchants who use Square payments service said they would accept bitcoin instead of US dollars. The investigation by Nomura Instinet of 100 US-based merchants with annual turnover of more $100,000 also found the 31-40 years age group accounted for the single largest proportion of bitcoin acceptors. 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.