Jack Dorsey's Platforms Enable Revenue Conversion to Bitcoin and Develop Mining System

By: Eva Baxter

Integrated within Jack Dorsey's Square platform, businesses are now given the ability to automatically convert a fraction of their sales into Bitcoin, thanks to the introduction of a new feature. Equally, an advanced Bitcoin Mining System is being developed under Dorsey's company, Block.

Notably, the company made a significant development in the completion of its three-nanometer mining chip - a project in progress since April 2023. This reinforces the firm's commitment to pushing the boundaries of Bitcoin mining technology.

Additionally, merchants using the tool can perform conversions at a flat 1% fee, making the conversion of regular USD into Bitcoin via Cash App now possible for some Square users.