It's easy for merchants to accept bitcoin, because they always propose it alongside a CC payment alternative. And they never risk anything, because they only ev

It's easy for merchants to accept bitcoin, because they always propose it alongside a CC payment alternative. And they never risk anything, because they only ever touch USD. So it's all gain for them. (This is more a marketing stunt to drive traffic to Square Market, more than anything else. Square Market has been having trouble competing with more common marketplaces such as Shopify and Amazon). This doesn't affect consumer adoption though, which is what investors/traders would be looking at. Also, if the number of bitcoin transactions through such methods goes up, BTC/USD is more likely to go down. Any bitcoin sent to a Square merchant will be picked up by Coinbase and sold at the bid price on the bitcoin markets, which will pressure price action down. (Coinbase then takes the USD from that sell and transfers them to Square).