Ethereum co-founder Vitalik Buterin explains why more people should support ETH for payments

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• Vitalik Buterin has recently discussed on Twitter how Ethereum provides numerous benefits and even encouraged more people to support the cryptocurrency for payment methods.

• This all came in response to a Twitter post published by Spencer Noon who highlighted that Square is making a bad move when it comes to the support for Ethereum for its payment as well as bitcoin.

The co-founder of one of the biggest crypto projects in the industry Ethereum, Vitalik Buterin has recently discussed on Twitter how Ethereum provides numerous benefits and even encouraged more people to support the cryptocurrency for payment methods.

This all came in response to a Twitter post published by Spencer Noon, the chief executive officer of DTC capital crypto investment fund who highlighted that Square bank is making a bad move when it comes to the support for Ethereum for its payment as well as bitcoin.

You can see both of their tweets below:

More people should support ethereum for payments. The nice thing about supporting ethereum is that you're not just accepting ETH, you also get support for MKR, UNI, WBTC, and every stablecoin for free. And there's already like three working layer-2 scaling solutions on mainnet. https://t.co/EdD7J8isk8

— vitalik.eth (@VitalikButerin) October 1, 2020

For those that don’t know, Square is spearheaded by the chief executive officer of Twitter, Jack Dorsey in order to make convenient and inclusive payments for consumers. In August this year, the company reported that its cash up revenue from bitcoin spiked massively in the second quarter by around 600% to $875 million.

With Ethereum though, it is used internationally as a payment method that has support from small to medium-sized companies as well as the enterprise Ethereum alliance. This brings together numerous companies and organisations from all over the world to help develop the Ethereum blockchain ecosystem.

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