This is great as Square and its products focus on small and medium sized businesses that make up a big percentage of the amount of payments made on a daily basis which could truly impact adoption by offering the option. As they continue to develop the ecosystem for Crypto payments, it will be interesting to see if their cash app is good enough to get more people buying cryptocurrencies to use at merchants or not. Many wallets and front end crypto applications continue to be challenging from a security and setup perspective which has made adoption a challenge.
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Correct. Having that risk passed on the payment processing company is a very big deal. Almost makes it a no-brainer for merchants to accept crypto now. Very little risk in doing so.