Jack Dorsey’s Square to Enable Bitcoin Payments Across 4 Million Merchant Devices 

Square’s Bitcoin payments launch begins November 10, allowing merchants to accept and manage BTC directly.

The update includes zero fees through 2026 and a built in wallet for Bitcoin storage and conversion.

Block’s Bitcoin strategy gains momentum as its stock rises 2.5% following the announcement.

Square, the payments arm of Jack Dorsey’s Block Inc., will roll out Bitcoin payment support to more than four million U.S. merchants beginning November 10, 2025. The new feature, unveiled during the company’s Square Releases event, enables businesses to accept Bitcoin at checkout and store it in a dedicated wallet within their Square dashboard. Merchants can choose to hold the Bitcoin, convert it instantly to U.S. dollars, or split daily sales between the two.

Square Expands Bitcoin Integration

According to Square, the service will be available to all U.S. sellers except those in New York State, where regulatory restrictions remain. The company confirmed it will waive transaction fees through 2026, with a 1% processing fee set to start in 2027

Businesses will also have the option to automatically convert up to 50% of their card sales into Bitcoin. Miles Suter, Head of Bitcoin Product at Block, said the feature bridges traditional commerce with digital currency by making Bitcoin transactions as simple as card payments

He added that the update shows Square’s long term goal of integrating Bitcoin into everyday business operations. The platform’s new dashboard allows users to buy, sell, or withdraw Bitcoin without leaving the Square ecosystem.

Digital Currency Payments

The rollout follows an increasing shift in payment trends as more companies integrate digital currencies into existing systems. According to data cited by Square from eMarketer, U.S. cryptocurrency payment usage is expected to rise 82% between 2024 and 2026

The company said the upgrade will simplify adoption for small businesses by removing technical barriers and providing instant settlement in either fiat or Bitcoin.

At the Bitcoin Conference 2025 in Las Vegas, Square demonstrated the new system’s Lightning Network support, showing real time payments at the BTC Inc. merchandise store. Dorsey noted on X that the integration aligns with Block’s mission to make Bitcoin accessible and practical for both consumers and businesses.

Momentum Across Major Platforms

The announcement coincides with a wave of crypto payment initiatives across financial and tech sectors. PayPal recently expanded its peer-to-peer crypto payments to include Bitcoin, Ether, and its PYUSD stablecoin

Google launched its Agent Payments Protocol to enable AI-driven crypto transactions, while Visa began testing cross-border stablecoin settlements through Visa Direct. Block Inc. currently holds 8,692 Bitcoin, ranking as the 13th largest public holder globally

Since the beta launch of Bitcoin Conversions in 2024, participating merchants have collectively accumulated 142 Bitcoin, according to company data. Following the announcement, Block’s stock rose 2.5% to $81, reflecting market confidence in its expanded Bitcoin strategy.

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