Merchants's 15-minute chart shows MACD and KDJ death crosses.

According to the 15-minute chart for Merchants, the MACD and KDJ indicators have both triggered a "death cross," which indicates that the stock's price has the potential to continue declining. This shift in momentum suggests that the stock's price may further decrease as the indicators point towards a downward trend.

Square, the payment service owned by Block Inc., has introduced a new feature allowing US merchants to accept Bitcoin at checkout with no fees until 2027. The service enables sellers to receive payments in Bitcoin and store them in a built-in digital wallet, integrated directly into Square’s existing point-of-sale system Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

The feature launched on Wednesday and is available to sellers across the United States, except in New York State. International merchants are not yet eligible. Businesses can now convert a portion of daily sales into Bitcoin and manage the asset within their Square dashboard. They can also buy, sell, or withdraw the digital currency through the same platform Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

Square is not charging transaction fees for Bitcoin-based payments until the end of 2026, with a 1% processing fee set to kick in on January 1, 2027. This move aims to facilitate the uptake of small businesses experimenting with cryptocurrency-based payments without the expense factor Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

Merchants will be able to convert up to 50% of their daily revenue into Bitcoin, providing businesses with more flexibility in managing digital and traditional currency flows. The company’s goal is to make Bitcoin payments as seamless as card transactions Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

Square’s latest rollout reflects a broader trend in which digital currencies play a bigger role in business operations. The company aims to boost the use of crypto in daily commerce, as evidenced by the growing interest in Bitcoin as a form of payment Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

Over 4 million sellers currently use Square’s payment system. By adding Bitcoin functionality, Square aims to prepare sellers for the growing interest in Bitcoin as a form of payment Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

Block Inc., Square’s parent company, holds more than 8,600 Bitcoins on its balance sheet, positioning it as one of the largest public holders of Bitcoin globally Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].

Recent studies indicate rising consumer interest in crypto payments. A study conducted by eMarketer predicts that the use of crypto payments in the US will grow by 82% from 2024 to 2026 Square Launches Bitcoin Payment Option for US Merchants With Wallet Access and No Fees for Two Years^[1].