Square's Merchants Are Willing to Accept Bitcoin, Survey Says

More than half of the retailers that use Square Inc.’s technology at the checkout stand would take Bitcoin as a form of payment, according to a new study.

In a survey of around 100 U.S. merchants, Nomura Instinet found that 60 percent would accept Bitcoin in lieu of dollars. Respondents spanned various industries and had at least $100,000 of annual revenue. The 31-40 age group had the highest representation, with about 40 percent of participants falling under that category.