The co-founder and the most important spokesperson of Square's Jack Dorsey has confirmed that, Square to allow merchants to accept Bitcoin native transactions from today. And he also said, "bitcoin was built to be used: open, decentralized, resilient. Current tax rules make buying a coffee a taxable event. we wrote a little something - it’s time to make bitcoin everyday money."
Square is now using the Cash App and Lightning Network to support Bitcoin as a currency, and through this, it is offering POS machines to make Bitcoin a truly native transaction. This is great news that Bitcoin is now a currency and the biggest advantage is that transactions that used to take 10 to 30 minutes can now be completed in seconds. If these benefits are truly available, will the new era of Bitcoin begin around the world and Can this system really take Bitcoin into a new era!?
Source
Square is now using the Cash App and Lightning Network to support Bitcoin as a currency, and through this, it is offering POS machines to make Bitcoin a truly native transaction. This is great news that Bitcoin is now a currency and the biggest advantage is that transactions that used to take 10 to 30 minutes can now be completed in seconds. If these benefits are truly available, will the new era of Bitcoin begin around the world and Can this system really take Bitcoin into a new era!?
Source
I'd like everything about this development, because it encourages for more active use of bitcoin in making payments and also help contributes to the adoption of bitcoin as its more found in an applicable manner for business to accept it use for making payments, In addition, the use of the lighting network is also another added advantage, because transactions are more faster using it.