Little known startup "Square" is one of a few companies to take crypto currencies to the next level. It's service involves allowing card payments between individuals and businesses with little to no fees, using their unique electronic reader. In addition to their core activities, it has recently added BTC into the app, making it easier to buy and sell the digital asset into straight cash. But they've even gone one step further now.
"Square" will now be adding an option to pay their employees in Bitcoin as a salary. And more selected cryptos are being planned to be offered up in the future. This is a bold move to show their devote stance of support, in regards to crypto currency in the global economic arena. And the gradual introduction of the lightening network for BTC, will only help further push this example initiative across the world.
Huge fees and long transaction times were always the stubborn "Achilles' heel", if you will, for the technology. I'm glad to see this is now changing for the better and businesses are beginning to embrace and integrate crypto as part of their company model. Again, no doubt you will be seeing this on a much larger scale as time progresses. And the bit that I find most interesting is us, the end user, seem to have got the ball rolling, in that respect. We've all heard stories of people who've been living solely off crypto currency, for easily over a year already. We've actually set the benchmark against which corporations are now using as their template. In the past, the situation was always reversed. How times have changed, right?
Once upon a time, a pizza was bought for 10,000 BTC. One of the first business-related crypto transactions in history. That was back in 2010. Look how far we've progressed from back then? I see it clearly. The future is most definitely looking brighter than ever before...
